Back
NATIONAL COMPANY LAW TRIBUNAL
Rajeev Bhardwaj, Judicial Member, Sanjay Puri, Technical Member
Bank of Baroda – Appellant
Versus
Katmula Srinivasa Reddy – Respondent
| Table of Content |
|---|
| 1. details of credit facilities, guarantees, and defaults by corporate debtor. (Para 4 , 5 , 6 , 7 , 8 , 9 , 10) |
| 2. rp report recommends admission based on default evidence. (Para 11 , 12 , 13) |
| 3. respondent's counter: limitation, non-service, no invocation, unconscionable guarantee. (Para 14 , 15 , 16 , 17 , 18 , 19 , 20 , 21 , 22 , 23 , 24 , 25 , 26 , 27) |
| 4. hearing and key considerations for section 95 application. (Para 28 , 29) |
| 5. factual background: facilities, guarantees, notices issued. (Para 30 , 31 , 32 , 33 , 34) |
| 6. guarantee liability requires strict contractual invocation; form b insufficient. (Para 35 , 36 , 37 , 38 , 39 , 40 , 41 , 42) |
| 7. no valid guarantee invocation; application dismissed. (Para 43 , 44) |
ORDER
This petition is filed by the Bank of Baroda (Financial Creditor/FC) under Section 95 of the IBC 1,
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
