An application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, by Aditya Birla Capital Limited (Financial Creditor/Applicant) seeking the appointment of a Resolution Professional under Section 97 of the IBC. The main Company Petition (IB) No. 153 of 2024 was initiated by Aditya Birla Finance Limited (later amalgamated into Aditya Birla Capital Limited) against Mr. Rajiv Pasari, who is the Personal Guarantor for Williamson Financial Services Limited (the Corporate Debtor). The Respondent challenged the maintainability of the petition.
An application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 and 53 of the National Company Law Tribunal Rules, 2016.
The application seeks the appointment of a Resolution Professional under Section 97 of the Insolvency and Bankruptcy Code.
The main Company Petition (IB) No. 153 of 2024 was filed by Aditya Birla Finance Limited to initiate the Insolvency Resolution Process for Mr. Rajiv Pasari.
Mr. Rajiv Pasari acted as the Personal Guarantor for Williamson Financial Services Limited (the Corporate Debtor).
The Applicant prayed for the appointment of a Resolution Professional.
The Respondent challenged the maintainability of the Petition.
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The matter was last…
Learned Advocate for the Personal Guarantor,…
An application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, by Aditya Birla Capital Limited (Financial Creditor/Applicant) seeking the appointment of a Resolution Professional under Section 97 of the IBC. The main Company Petition (IB) No. 153 of 2024 was initiated by Aditya Birla Finance Limited (later amalgamated into Aditya Birla Capital Limited) against Mr. Rajiv Pasari, who is the Personal Guarantor for Williamson Financial Services Limited (the Corporate Debtor). The Respondent challenged the maintainability of the petition.
An application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 and 53 of the National Company Law Tribunal Rules, 2016.
The application seeks the appointment of a Resolution Professional under Section 97 of the Insolvency and Bankruptcy Code.
The main Company Petition (IB) No. 153 of 2024 was filed by Aditya Birla Finance Limited to initiate the Insolvency Resolution Process for Mr. Rajiv Pasari.
Mr. Rajiv Pasari acted as the Personal Guarantor for Williamson Financial Services Limited (the Corporate Debtor).
The Applicant prayed for the appointment of a Resolution Professional.
The Respondent challenged the maintainability of the Petition.
…The matter was last…
Learned Advocate for the Personal Guarantor,…