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)

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