Proceedings u/s. 95 of IBC not vitiated as demand notice duly served to personal guarantors

State Bank of India Through Resolution Professional Shri Chillale Rajesh Vs Dr. Jitendra Das Maganti (NCLAT Chennai)

NCLAT Chennai held that demand notice has been duly served on the personal guarantors and hence proceedings under section 95 of the Insolvency and Bankruptcy Code, 2016 cannot be said to be vitiated. Accordingly, order quashed and proceedings remanded back.

Facts- The present company appeal has been preferred by the Appellant, being aggrieved as against the order dated 22.07.2024, which has been passed by the Ld. Adjudicating Authority. The c

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