NCLT dismisses SBI’s Petition as Discrepancy in Addresses for Serving Demand Notice

SBI failed to establish compliance with the necessary requirements under Section 95 of the IBC and rejected the application for initiating the insolvency resolution process
By Yogitha S. Yogesh - On August 6, 2024 4:18 pm - 2 mins read
NCLT - SBI - National Company Law - Tribunal - SBI Petition - SBI notices - Insolvency - Bankruptcy - TAXSCA

The National Company Law Tribunal ( NCLT ) Amaravati special bench dismissed a petition filed by the State Bank of India under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 as discrepancies were found in the addresses used for the demand notice served to the personal guarantor. Dr Renuka Rani Mahanti (“Dr Renuka”) ,the …

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