NCLT Kochi Allows Initiation Of Insolvency Resolution Process Against The Personal Guarantor
LIVELAW NEWS NETWORK
26 Jan 2022 8:30 PM IST
The Kochi Bench of NCLT in a bench consisting of Justice Mr.Ashok Kumar Borah (Judicial Member) and Mr. Shyam Babu Gautam (Technical Member) in State Bank of India v. Sahadulla M.I. allows initiation of Insolvency Resolution Process (IRP) against the Personal Guarantor, Mr. Shahdulla M.I. (Respondent) of the Corporate Debtor, M/s. Green Gateway Leisure Limited The Applicant/ State...
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Tags
Section 95(1) of the IBCSARFAESI ActInsolvency Resolution Process (IRP)Debt Recovery TribunalInsolvency and Bankruptcy (Application to Adjudicating Authority for IRP for Personal Guarantors to Corporate Debtor) RulesPersonal GuarantorCorporate DebtorFinancial CreditorResolution ProfessionalMoratorium
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