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    <title>2021 (3) TMI 1259 - NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH</title>
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    <description>An application under section 95 of the Insolvency and Bankruptcy Code against a personal guarantor is supported where the guarantee deed, invocation notice, demand notice, proof of service, and no response from the guarantor show a subsisting default in payment of the guaranteed debt. The text states that, once the procedural requirements for initiation against the personal guarantor are satisfied and the application is filed by an authorised resolution professional, the interim moratorium starts from the date of filing and the resolution professional is confirmed to conduct the inquiry and submit the report under the Code.</description>
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      <description>An application under section 95 of the Insolvency and Bankruptcy Code against a personal guarantor is supported where the guarantee deed, invocation notice, demand notice, proof of service, and no response from the guarantor show a subsisting default in payment of the guaranteed debt. The text states that, once the procedural requirements for initiation against the personal guarantor are satisfied and the application is filed by an authorised resolution professional, the interim moratorium starts from the date of filing and the resolution professional is confirmed to conduct the inquiry and submit the report under the Code.</description>
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