2026 (4) TMI 1669

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....MAR SHARMA MEMBER (JUDICIAL) AND JATINDRANATH SWAIN MEMBER (TECHNICAL) For the Appellant : Mr. Pawan Jhabakh, Advocate For the Respondents : Ms. Aishwarya Nandiwada, Advocate For Mr. VVSN Raju, Advocate for R1 ORDER [Oral Judgment: Justice Sharad Kumar Sharma, Member (Judicial)] Heard Learned Counsels for the parties. In Company Appeal (AT) (CH) (Ins) No. 298/2025, Venkata Sujatha Penmetsa, represented by Mr. Vijay K Penmetsa Vs. Bank of Baroda & 2 Ors, the challenge given by the Appellant is to the impugned order dated 09.05.2025, that was passed in CP(IB)/18/95/AMR/2022. The effect of the impugned order had been that the personal insolvency proceedings that were initiated by the Financial Creditor / The Respondent herein....

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....or) Vs. Bank of Baroda (Financial Creditor) & 2 Ors, the Appellant gives a challenge to the impugned order of 09.05.2025, that was passed in CP(IB)/17/95/AMR/2022, being yet again the proceedings initiated by the Bank of Baroda (Financial Creditor) by filing an application under Section 95 of I&B Code, to be read with Rule 7 (2) of Insolvency & Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtor) Rules, 2019. In this proceedings too, upon considering the rival contentions, the Learned Tribunal came to a conclusion that, the circumstances do warrant admission of the said application and accordingly passed the order under Section 100 of I&B Code, admitting the applica....

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....20, (TA (AT) No. 247/2021) had been preferred before this Appellate Tribunal as against the order of 26.05.2020, passed by the Learned Adjudicating Authority, Amaravati Bench in IA No. 64/2020 in TCP (IB) No. 41/9/AMR/2019 (CP (IB) No.423/HDB/2018). In the said impugned order, the Learned Tribunal had passed the following orders: The Applications in IA No. 64 of 2020, IA No. 66 of 2020, IA No. 67 of 2020 & IA No. 68 of 2020 are rejected on contest. The Resolution Plan submitted in IA No. 64 of 2020 is rejected under section 31(2) of the Code. Prayers made in IA No. 66 of 2020, IA No. 67 of 2020 and IA No. 68 of 2020 are refused. The Resolution Plan having not found favour with this Authority an order for liquidation in terms of sec....