9911796707
TMI Blog2020 (11) TMI 988X X X X Extracts X X X X X X X X Extracts X X X X ..... S Multiwal Pulp and Board Mills Pvt Ltd.) and this personal guarantor standing as guarantor to the loan availed by the said corporate debtor, the interim moratorium is deemed to have commenced from the date of filing of this application in relation to all the debts and any legal action or proceeding pending in respect of any debt shall be deemed to have been stayed and the creditors of the debtor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 95 of Insolvency Bankruptcy Code (the Code) by a financial creditor namely State Bank of India through Resolution Professional (as stated in the definition of Section 79(21) of the Code) namely Mr. Anil Kohli inter alia seeking an order u/ s 96 and 97(1) of the Code. 2. Though this application was filed on 24.08.2020, to provide an opportunity to the guarantor, despite there being a clear cut ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Bankruptcy for individuals and partnership firm) of the Code, the applicant creditor has filed this application u/ s 95 of the Code for declaration that interim moratorium, as envisaged u/ s 96, has been triggered against the personal guarantor from the date of filing of this company application, and for appointment of Resolution Professional as stated u/ s 97 for submission of report by the Reso ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t of any debt shall be deemed to have been stayed and the creditors of the debtor shall not initiate any legal action or proceedings in respect of any debt and further directs IBBI to provide information as to any disciplinary proceedings pending against the Resolution Professional sought to be appointed in this case so as to appoint him as RP u/ s 97 (5) of the Code. 7. List this application o ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
