Safecap Finance Pvt. Ltd. v. Umed Gunecha and Another
Case brief
What is this about?
Insolvency Petition No. 4 of 2025; Umed Gunecha; Bela Gunecha; Official Assignee, High Court Bombay; Chandan J. Bhatt; private examination of insolvents touching estate and affairs; adjudication order 07.05.2025; settlement proposal Rs.12 lakhs not agreeable to Petitioning Creditor; decreetal amount more than Rs.34 lakhs; requisitions to be complied within 4 weeks; medical certificate of Insolvent No. 2; Insolvent No. 2 to remain present next meeting; adjourned to 9 June 2026 at 12.30 p.m.; Kavita Lalwani advocate for Petitioning Creditor.
What did the court decide?
No substantive relief; procedural directions were issued (compliance with requisitions within 4 weeks; submission of medical certificate for Insolvent No. 2; attendance of Insolvent No. 2 at the next meeting) and the matter was adjourned to 9th June, 2026 at 12.30 p.m. with the private examination to continue; no settlement was agreed.