2024 (2) TMI 1523

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....oner : Shri Lomesh Kiran Nidumuri, Shri Sharan Kukreja, Shri Abhijna Somashekara, Shri Karan. For the Respondent : Shri Sivarama Krishnan. ORDER 1. This is a Company Petition filed by the Bank of Baroda ("the Financial Creditor") under Section 95 (1) of the I&B Code, 2016 read with Rule 7(2) of the I&B (Application Adjudicating Authority for Insolvency Resolution Process for Personal Guar....

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....nal guarantee is not valid, since the Personal Guarantor was released from the Guarantee. 5. In this context, it is to be noted that the Hon'ble Supreme Court in the judgement of Dilip B Jiwrajka vs. Union of India and others in Writ Petition (Civil) No. 1281 of 2021 dated 09th November 2023, at Para-86 held as under: "i. No judicial adjudication is involved at the stages envisage....

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....the report by the Resolution Professional and response of the Personal Guarantor on the same. 7. Accordingly, we appoint the Shri Ram Ratan Kanoongo, as proposed by the Financial Creditor in Part-IV of the Form-C, who is registered with IBBI as Insolvency Professional having Registration No. IBBI/IPA-001/IP-P00070/ 2017-18/10156, Mobile: 9821031996, email: [email protected] as the Resol....