Application u/s. 95 of I&B Code dismissed as demand notice not served on correct address: NCLT Amravati

State Bank of India Vs Dr. Renuka Rani Maganti (NCLT Amravati) NCLT Amravati held that application filed by SBI (creditor) u/s. 95 of the Insolvency and Bankruptcy Code, 2016 for initiation of insolvency procedure dismissed as demand notice not served to Personal Guarantor on correct address. Facts- The Present Application is filed u/s. 95 of the Insolvency and Bankruptcy Code, 2016 read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019 by State Bank of India (Applic...