https://www.taxtmi.com/caselaws?id=301386 The court ruled in favor of the State Bank of India in an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against the Personal Guarantors of Coastal Energy Private Limited, a Corporate Debtor. The Respondent's challenge to the application's maintainability was dismissed, with the court appointing an Interim Resolution Professional to further examine the case and provide recommendations for acceptance or rejection under Section 99 of the IBC, 2016. The matter was scheduled for additional proceedings following the Interim Resolution Professional's report. en-us Wed, 24 Mar 2021 00:00:00 +0530 Fri, 01 Apr 2022 20:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301386 The court ruled in favor of the State Bank of India in an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against the Personal Guarantors of Coastal Energy Private Limited, a Corporate Debtor. The Respondent's challenge to the application's maintainability was dismissed, with the court appointing an Interim Resolution Professional to further examine the case and provide recommendations for acceptance or rejection under Section 99 of the IBC, 2016. The matter was scheduled for additional proceedings following the Interim Resolution Professional's report. Case-Laws Insolvency and Bankruptcy Wed, 24 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301386