2023 (7) TMI 1397

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....ITRA, MEMBER (TECHNICAL) For the Appellant : Mr. Kanishk Ahuja, Advocate For the Respondent : None ORDER Heard Learned Counsel for the Appellant. 2. This Appeal has been filed against the Order dated 16.05.2023 by which Section 7 Application filed by the Appellant has been rejected as barred by Section 10A. 3. Corporate Debtor is corporate guarantor whose guarantee was invoked by the Appell....

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....CONSTRUCTION AND DEVELOPERS PRIVATE LIMITED, U45200MH2005PTC157311 OFF-12, CTS NO - 410, S.I.C.H.S. Ltd Next to Acres Club, Hemu Kalani Marg, Chembur Mumbai Mh - 400071 [email protected] [email protected] 2) MR. LALIT KUMAR SHYAM (earlier Known as Lalit Shyam Tecchandani), 6-C- 5, Basant Park, R.C. Marg, Chembur Mumbai 400071 [email protected] Ref:- Loan Cum Guaran....

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....editor has invoked the corporate guarantee of the corporate guarantor by the notice dated 16.10.2020 and asked the corporate guarantor to make the payment within seven days from the receipt of the notice, the default has occurred during the 10A period and the default dated 02.07.2019 which is default alleged against the Principal Borrower can not be put to a default for corporate guarantor. Liabil....