Mrs. H K Veena Files Personal Insolvency Petition

Mrs. H K Veena filed under IBC Section 94(1) for voluntary insolvency resolution as personal guarantor to Plastech Formwork Systems Private Limited.
Corporate debtor defaulted on Rs. 13 crore principal and Rs. 15.07 crore interest to Bank of India, classified as NPA on 09.10.2024.
NCLT appointed Mr. Chandan Yakkar Shanbhogue as Resolution Professional and ordered initial deposit of Rs. 30,000, with next hearing on 11.06.2026.