2022 (4) TMI 308

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....s : T. K. Bhaskar, Advocate ORDER Sucharitha R., Member (J) 1. This application has been filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against the Personal Guarantors of Oceanic Edibles International Limited, the Corporate Debtor which is under Liquidation. 2. In so far Oceanic Edibles International Limited is concerned, an order was passed for commencement of CIRP on 1....

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....orporate Debtors) Rules, 2019 to the Personal Guarantor on 08.12.2020 is also placed on record at Pg. Nos. 57 to 59 and acknowledgment of receipt is placed at 60 of the typed set of the application. 6. The date of default as mentioned in the application is 27.06.2019. Hence, on this term, the present Petition is filed to initiate proceeding in terms of Section 95 (1) of the IBC, 2016, against the....

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....sidered at the time when the RP files his report under Section 99 of IBC, 2016 and when the matter is taken up for admission or rejection under Section 100 of IBC, 2016. 9. The Hon'ble NCLAT, Principal Bench, in the matter of Mr. Ravi Ajit Kulkarni -Vs- State Bank of India in Company Appeal (AT) (Insolvency) No. 316 of 2021 has held in para 42 that once an Application under Section 95 of IBC,....