Read the full judgment text of HCSD 16/2022 on BabelCite. This HCSD judgment was delivered on 25 November 2022.
1. This is an application by Balram Chainrai (“the Applicant” or “Balu”) to set aside a statutory demand dated 24 May 2022 served on him by Lakshmi Premises Private Limited (“the Respondent”). The debt claimed in the statutory demand is alleged to have arisen from an oral guarantee given by the Applicant in relation to a loan provided by the Respondent to an Indian company called Mangal Savitri Bizcon Private Limited (“Mangal”) dated 4 January 2018 (“the Loan”). The amount outstanding together w
Cites 5 cases