The case involves an application related to the Insolvency Resolution Process against a Personal Guarantor, Mahesh Manilal Gandhi, with Small Industries Development Bank of India (SIDBI) as the creditor. The Resolution Professional sought condonation of delay in submitting the report under Section 106 of the Insolvency and Bankruptcy Code, 2016.
An Interlocutory Application was filed by the Applicant/Resolution Professional of the Corporate Debtor for placing on record the Report prepared under Section 106 of the Insolvency and Bankruptcy Code, 2016.
The Insolvency Resolution Process against the Personal Guarantor commenced vide an Order dated 19.12.2024.
The Applicant received a claim of Rs. 6,17,48,934/- from Small Industries Development Bank of India (SIDBI).
After verification, the applicant admitted the claim amounting to Rs. 6,15,84,752/-.
The revised Repayment Plan submitted by the Personal Guarantor on 19.06.2025 is pending for consideration.
The Resolution Professional sought condonation of delay of 142 days in submitting the Report under Section 106.
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The Insolvency…
The Resolution Professional was required to…
The case involves an application related to the Insolvency Resolution Process against a Personal Guarantor, Mahesh Manilal Gandhi, with Small Industries Development Bank of India (SIDBI) as the creditor. The Resolution Professional sought condonation of delay in submitting the report under Section 106 of the Insolvency and Bankruptcy Code, 2016.
An Interlocutory Application was filed by the Applicant/Resolution Professional of the Corporate Debtor for placing on record the Report prepared under Section 106 of the Insolvency and Bankruptcy Code, 2016.
The Insolvency Resolution Process against the Personal Guarantor commenced vide an Order dated 19.12.2024.
The Applicant received a claim of Rs. 6,17,48,934/- from Small Industries Development Bank of India (SIDBI).
After verification, the applicant admitted the claim amounting to Rs. 6,15,84,752/-.
The revised Repayment Plan submitted by the Personal Guarantor on 19.06.2025 is pending for consideration.
The Resolution Professional sought condonation of delay of 142 days in submitting the Report under Section 106.
…The Insolvency…
The Resolution Professional was required to…