Petitioner Venkatesh M.K. files 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 as of 09.10.2024.
Tribunal appoints Chandan Yakkar Shanbhogue as Resolution Professional with initial deposit of Rs 30,000 required.
Case listed for further proceedings on 11.06.2026 after RP submits recommendations within stipulated timeframe.