https://www.taxtmi.com/caselaws?id=295726 The court granted the application filed by a financial creditor under Section 95 of the Insolvency & Bankruptcy Code, declaring an interim moratorium against the personal guarantor and appointing a Resolution Professional. Despite providing an opportunity for the guarantor to present grievances, the guarantor's liability in relation to a loan facility availed by the corporate debtor was addressed. The court clarified that the interim moratorium commenced from the application filing date, staying legal actions against the debts. The Insolvency and Bankruptcy Board of India was directed to verify any disciplinary proceedings against the proposed Resolution Professional. The application was listed for IBBI's recommendation under Section 97(2) of the Code. en-us Tue, 03 Nov 2020 00:00:00 +0530 Tue, 23 Nov 2021 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295726 The court granted the application filed by a financial creditor under Section 95 of the Insolvency & Bankruptcy Code, declaring an interim moratorium against the personal guarantor and appointing a Resolution Professional. Despite providing an opportunity for the guarantor to present grievances, the guarantor's liability in relation to a loan facility availed by the corporate debtor was addressed. The court clarified that the interim moratorium commenced from the application filing date, staying legal actions against the debts. The Insolvency and Bankruptcy Board of India was directed to verify any disciplinary proceedings against the proposed Resolution Professional. The application was listed for IBBI's recommendation under Section 97(2) of the Code. Case-Laws Insolvency and Bankruptcy Tue, 03 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295726