The NCLT appointed Shri Aashish Gupta as Resolution Professional for an insolvency application filed by Sunil Gupta, a personal guarantor of SNR Electronics Limited, under Section 94 of the IBC.
Appointment of Shri Aashish Gupta as Resolution Professional.
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IN THE NATIONAL COMPANY LAW TRIBUNAL NEW DELHI, BENCH VI
C.P (IB) No.430/ND/2023
An application under section 94(1) of the Insolvency and Bankruptcy Code, 2016
IN THE MATTER OF:
SUNIL GUPTA
[DIRECTOR OF SNR ELECTRONICS LIMITED] House No. 412, Flat No B-2,
Daya Niwas Devli Village, DELHI – 110062
…Applicant/Personal Guarantor
Canara Bank & Ors. …Respondents
Date of pronouncement: 12.02.2024
Coram: Shri Mahendra Khandelwal : Member (Judicial) Shri Rahul Bhatnagar : Member (Technical)
Appearances (through Video Conferencing/physical hearing)
For the Petitioner/Applicant : Mr. Vijay Tangri, Advocate
ORDER
Per: Mahendra Khandelwal, Member (Judicial)
Page 1 of 3
C.P (IB) No.430/ND/2023
2019 (‘ Personal Guarantors Rules ’) and regulation 4(2) of IBBI (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 (‘ Personal Guarantors Regulations’ ) by Mr. Sunil Gupta, Personal Guarantor of M/s SNR Electronics Limited (Corporate Debtor) for initiating the Insolvency Resolution Process (‘ IR Process’ ).
Page 2 of 3
C.P (IB) No.430/ND/2023
Insolvency Resolution Professional regarding their appointment immediately after pronouncement of this order. IRP is directed to file declaration disclosure statement within 2 days thereafter.
-SD/- -SD/- Mahendra Khandelwal Rahul Bhatnagar Member (Judicial) Member (Technical)
Page 3 of 3
C.P (IB) No.430/ND/2023
1 issue framed by the court
Whether to appoint a Resolution Professional under Section 94 of the Insolvency and Bankruptcy Code, 2016 in a personal guarantors insolvency application.
Colour shows how this judgement treated each authority
Dilip B Jiwrajka vs Union of India & Ors.Referred¶21
Dilip B Jiwrajka vs Union of India & Ors. In Writ Petition (Civil) No. 1281 of 2021
4 provisions across 3 enactments
Sunil Gupta
Canara Bank & Ors.
Mahendra Khandelwal
Rahul Bhatnagar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
