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Corporate Person does not normally include any Financial Service Provider
Case Law Details
- Case Name
- Shapoorji Pallonji Finance Private Limited Vs Rekha Singh (NCLT Jaipur)
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- Date of Judgement/Order
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- Courts
- NCLT
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Shapoorji Pallonji Finance Private Limited Vs Rekha Singh (NCLT Jaipur)
Facts- The Company Petition No. (IB)- 27/95/JPR/2021 has been filed by Shapoorji Pallonji Finance Private Limited, the Financial Creditor, under Section 95 of IBC, 2016 to initiate insolvency resolution process in the case of Shri Ajay Singh (Personal Guarantor / Applicant) under Section 60 & 95 of IBC read with Rule 7(2) of Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtor) Rules, 2019. The Personal Guarantor had through a per...
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