https://www.taxtmi.com/caselaws?id=413539 The court granted the application filed by Financial Creditor, Bank of India, under Section 95 of the Insolvency and Bankruptcy Code, 2016, against the Personal Guarantor of Corporate Debtor, 'M/s. Shree Raj Mahal Jewellers Private Limited', due to an outstanding debt of Rs. 113.83 crores. The Corporate Debtor's failure to adhere to financial terms led to liquidation, prompting the demand notice to the Personal Guarantor. The Resolution Professional was appointed to oversee the insolvency resolution process, highlighting the interim-moratorium period's implications and setting the next hearing date for further proceedings. en-us Thu, 30 Sep 2021 00:00:00 +0530 Thu, 14 Oct 2021 09:14:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413539 The court granted the application filed by Financial Creditor, Bank of India, under Section 95 of the Insolvency and Bankruptcy Code, 2016, against the Personal Guarantor of Corporate Debtor, 'M/s. Shree Raj Mahal Jewellers Private Limited', due to an outstanding debt of Rs. 113.83 crores. The Corporate Debtor's failure to adhere to financial terms led to liquidation, prompting the demand notice to the Personal Guarantor. The Resolution Professional was appointed to oversee the insolvency resolution process, highlighting the interim-moratorium period's implications and setting the next hearing date for further proceedings. Case-Laws Insolvency and Bankruptcy Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413539