Tribunals and CommissionsDivision Bench(2024) 02 NCLT CK 3346

Sita Sajandas Chawla vs Punjab National Bank

National Company Law Tribunal · Decided on 16 February 2024

HON’BLE JUDGES
Shammi Khan, Member (Judicial) · Sameer Kakar, Member (Technical)
CASE NUMBER
CP(IB)/81(AHM)2024

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Judgment

6 paragraphs · 197 words

ORDER

This is an application filed under Section 94 of the IB Code, 2016 seeking by the Applicant/personal guarantor for initiation of Insolvency Resolution Process. On perusal of the application, it is seen that there is no declaration in terms of Section 94 (4) & (5) of the IBC, 2016.

Further, it has been apprised by the learned counsel for the Respondent/PNB Bank that in the past, two petitions were filed by the same Applicant Guarantor on two different dates. First was filed on 02.02.2023 bearing e-filing no. 2401105002572023 which was declined to be registered on 18.09.2023 and second was filed on 27.10.2023 bearing e-filing no. 2401105019492023 and was declined to be registered on 07.12.2023 by the Joint Registrar of this Tribunal in terms of Rule 28 of the NCLT Rules, 2016.

The memorandum of appearance filed along with this application is by one Ms. Yashree Kaushalkumar Dixit, the same is not properly stamped.

In view of the above, CP(IB)/81(AHM)2024 is incomplete and defective. Hence, this petition stands dismissed.

A copy of this order be sent by the Applicant to the Financial Creditor by RPAD / Speed Post within 7 days from the date of this order.