https://www.taxtmi.com/caselaws?id=412897 The State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016 against a personal guarantor, Mr. Rajbir Singh, seeking to initiate the insolvency resolution process due to an outstanding debt of Rs. 1138.73 crores owed by the corporate debtor, 'M/s. C & C Constructions Limited'. The application invoked the personal guarantee and appointed Mr. Deepak Maini as the resolution professional. The resolution professional was directed to provide recommendations on the application within the specified timeframe, with further proceedings scheduled for 22.09.2021. en-us Thu, 19 Aug 2021 00:00:00 +0530 Thu, 30 Sep 2021 09:19:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412897 The State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016 against a personal guarantor, Mr. Rajbir Singh, seeking to initiate the insolvency resolution process due to an outstanding debt of Rs. 1138.73 crores owed by the corporate debtor, 'M/s. C & C Constructions Limited'. The application invoked the personal guarantee and appointed Mr. Deepak Maini as the resolution professional. The resolution professional was directed to provide recommendations on the application within the specified timeframe, with further proceedings scheduled for 22.09.2021. Case-Laws Insolvency and Bankruptcy Thu, 19 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412897