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TMI Blog2022 (2) TMI 96X X X X Extracts X X X X X X X X Extracts X X X X ..... in relation to all the debts of the personal guarantor and shall cease to have effect on the date of admission of this Application - Application admitted - moratorium declared. - IB-337 (PB)/2021 - - - Dated:- 21-1-2022 - R. Sudhakar, C.J. (President) And Hemant Kumar Sarangi, Member (T) For the Appellant : Ankur Mittal, Advocate ORDER Hemant Kumar Sarangi, Member (T) 1. This is an application filed by the Financial Creditor, M/s. State Bank of India, under Section 95 of the Insolvency and Bankruptcy Code, 2016, through Resolution Professional, Mr. Vijender, against Mr. Raman Gupta, Personal Guarantor to the Corporate Debtor (CD), 'M/s. Metenere Limited'. The Resolution Professional has been proposed by the Fina ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hird Supplemental Deed of Guarantee dated 20.07.2016 FOR TERM LOAN FACILITY a. Deed of Personal Guarantee dated 30.03.2012 b. Deed of Personal Guarantee dated 09.05.2014 4. That the Ld. Counsel for the Applicant states that the CD and the Respondent, despite regular follow-up by the Applicant, failed to maintain financial discipline and started committing default. The Applicant sent repeated reminders but the CD defaulted in repayment of the dues of the bank and the account of CD was thereafter declared as NPA on 28.07.2017. That an application in respect of the Corporate Debtor, i.e., M/s. Metenere Limited, was admitted under Corporate Insolvency Resolution Process (CIRP), by NCLT, New Delhi, vide order dated 25.09.2020 in C.P. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsactions as may be notified by the Central Government in consultation with any financial sector regulator. 8. The Applicant/Creditor has proposed the name of Mr. Vijender Sharma, Insolvency Professional, having registration number IBBI/IPA-003/IP-N00003/2016-17/10022, [email protected], Phone- 9810166877, for appointment as the Resolution Professional. No disciplinary proceedings are pending against him. Therefore, Mr. Vijender Sharma, is appointed as the Resolution Professional in exercise of powers conferred under Section 97 of the IBC, 2016 on this Authority subject to Regulations 4 (1) and (2) of the IBBI (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019. 9. In this matter, th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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