DIVISION BENCH, COURT NO. II

Company Petition (IB) No. 286 of 2024

And

I.A. (IB) No. 2023/KB/2024

IN THE MATTER OF:

Company Petition (IB) No. 286 of 2024

An application under Section 95(1) 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.

IN THE MATTER OF:

UCO BANK

…FINANCIAL CREDITOR

Versus

Mr. Subrata Das

…PERSONAL GUARANTOR

And

IA (IB) No.2023/KB/2024

An application under Section 99 of the Insolvency and Bankruptcy

Code.

Mr. Vaibhav Khandelwal

… RESOLUTION PROFESSIONAL/APPLICANT

Date of Pronouncement: December 17, 2024.

APPEARANCES:

Ms. A. Rao, Adv. ] For the Financial Creditor

Ms. Prerna Shaha, Adv. ] For the Resolution Professional

Mr. Vaibhav Khandelwal, ] RP-in-person

And Company Petition (IB) No. 286 of 2024

ORDER

Per: Bidisha Banerjee, Member (Judicial)

1. The Court congregated through a hybrid mode.

2. Heard the Ld. Counsel appearing on behalf of the Financial Creditor and the Ld. Counsel appearing on behalf of the Resolution Professional.

3. This application has been filed by the Financial Creditor, namely, UCO Bank to init