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2022 (7) TMI 358 - NATIONAL COMPANY LAW TRIBUNAL , CHENNAI BENCHMaintainability of application - Initiation of CIRP - Corporate Debtor failed to make repayment of its dues - demand was made on the personal guarantor - Financial Creditors - date of default - time limitation - HELD THAT:- The Demand Notice issued under Rule 7(1) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019 to the Personal Guarantor on 17.11.2021 - The date of default as mentioned in the application is 17.04.2016 and the Financial Creditor has also placed on file the Record of Default at Page Nos. 133 to 138 of the typed set. Hence, on this term, the present Petition is filed to initiate a proceeding in terms of Section 95 (1) of the IBC, 2016, against the Respondent herein. The Resolution Professional is required to examine the Application as set out in Section 97(6) of IBC, 2016 and after examining the Application, as per Section 97(7) of IBC, 2016 the Resolution Professional may recommend for the acceptance or rejection of the Application in his report, within a period of 10 days as contemplated under Section 99(1) of IBC, 2016. Post this matter on 28.07.2022 for filing of Report by the Interim Resolution Professional.
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