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Relevant date for filing application by Personal Guarantor as ...


Court Clarifies Application Filing Date u/s 95: It's When Electronically Numbered, Not Just Filed.

July 20, 2022

Case Laws     Insolvency and Bankruptcy     AT

Relevant date for filing application by Personal Guarantor as well as Creditor - relevant time from which moratorium shall come into force - when shall the application be treated to be filed - The Adjudicating Authority after due consideration has taken correct view of the matter in holding that filing of the Application under Section 95 by the State Bank of India is on a date when Application was filed and allotted number electronically and the submission of the Appellant that date of filing of the Application shall be the date when Application is numbered has rightly been rejected. - AT

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