https://www.taxtmi.com/caselaws?id=297790 The petition filed under Section 95 of the I & B Code against a personal guarantor was allowed by the Bench due to the clear default of the Personal Guarantor in fulfilling the debt owed to the Corporate Debtor. The Interim Moratorium commenced, and the Resolution Professional was appointed with the authority to exercise powers under Section 99 of the Code. The Respondent did not respond during the proceedings, leading to the decision in favor of the Financial Creditor. en-us Fri, 12 Mar 2021 00:00:00 +0530 Wed, 22 Sep 2021 06:16:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297790 The petition filed under Section 95 of the I & B Code against a personal guarantor was allowed by the Bench due to the clear default of the Personal Guarantor in fulfilling the debt owed to the Corporate Debtor. The Interim Moratorium commenced, and the Resolution Professional was appointed with the authority to exercise powers under Section 99 of the Code. The Respondent did not respond during the proceedings, leading to the decision in favor of the Financial Creditor. Case-Laws Insolvency and Bankruptcy Fri, 12 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297790