2024 (2) TMI 1523

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..... Shri Sharan Kukreja, Shri Abhijna Somashekara, Shri Karan. For the Respondent : Shri Sivarama Krishnan. ORDER 1. This is a Company Petition filed by the Bank of Baroda ("the Financial Creditor") under Section 95 (1) of the I&B Code, 2016 read with Rule 7(2) of the I&B (Application Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019 .....

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..... Guarantor was released from the Guarantee. 5. In this context, it is to be noted that the Hon'ble Supreme Court in the judgement of Dilip B Jiwrajka vs. Union of India and others in Writ Petition (Civil) No. 1281 of 2021 dated 09th November 2023, at Para-86 held as under: "i. No judicial adjudication is involved at the stages envisages in Section 95 to Section 99 of the IBC; ii........ .....

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..... . 7. Accordingly, we appoint the Shri Ram Ratan Kanoongo, as proposed by the Financial Creditor in Part-IV of the Form-C, who is registered with IBBI as Insolvency Professional having Registration No. IBBI/IPA-001/IP-P00070/ 2017-18/10156, Mobile: 9821031996, email: [email protected] as the Resolution Professional in the present matter. Written consent is given by the said RP through Affi .....

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