9911796707
TMI Blog2022 (5) TMI 398X X X X Extracts X X X X X X X X Extracts X X X X ..... Applicant has issued a Demand Notice in Form B on 06/07/2021 under Rule 7(1) of the IB Rules, 2019. However, the respondent-Personal Guarantor has not paid the amount recalled by the applicant/Financial Creditor as set out in the demand notice dated 06/07/2021 - In this factual conspectus, the applicant prays for initiation of insolvency resolution process, against the respondent/guarantor. It is made known to everyone that on filing this Application by the Applicant/Creditor the interim-moratorium commences in terms of section 96(1)(a) of IBC, 2016 - Application admitted - moratorium declared. - C.P. (IB)/386(KB)2021 - - - Dated:- 21-4-2022 - Rohit Kapoor, Member (J) And Harish Chander Suri, Member (T) For the Appellant : Deba ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dit facilities from time to time for its business purpose. As per the Credit Facilities, ROTL was obliged to repay the principal sum of Credit along with interest thereon in accordance with repayment schedule as set out in the agreements. For the aforesaid Credit facilities Deed of Guarantees were executed by the respondent-personal guarantor towards security for due repayment of the loans and advances granted to principal debtor with interest, cost and expenses from time to time, lastly on 30/03/2013. The ROTL and the respondent/personal guarantor had failed and/or neglected to make payment as per terms of the said Agreements. That due to failure of the Corporate Debtor to comply the terms and conditions of the loan account, the said l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tual conspectus, the applicant prays for initiation of insolvency resolution process, against the respondent/guarantor. 8. It is made known to everyone that on filing this Application by the Applicant/Creditor the interim-moratorium commences in terms of section 96(1)(a) of IBC, 2016. 9. The Applicant/Creditor has proposed name of Mr. Neeraj Kumar Sureka, an Insolvency Professional, having Registration No. IBBI/IPA-001/IP-P01539/2019-2020/12517, of Central Plaza , 6th Floor, Room No. H., 41, B.B. Ganguly Street, Kolkata 700012, West Bengal for appointment as Resolution Professional. We, therefore, appoint Mr. Neeraj Kumar Sureka, as Resolution Professional, who has given his consent in Form-A along with Authorisation for Assignment. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
