Kavyashri S P Personal Guarantor Insolvency Petition

Mrs Kavyashri S P filed a voluntary insolvency petition as personal guarantor for Plastech Formwork Systems Pvt Ltd.
Corporate debtor defaulted on Rs 13 crore principal and Rs 15.07 crore interest to Bank of India, declared NPA on 09.10.2024.
Tribunal appointed Chandan Yakkar Shanbhogue as Resolution Professional and directed initial deposit of Rs 30,000.
Interim moratorium commenced from petition filing date (15.10.2025) under Section 96(1) of IBC.