https://www.taxtmi.com/caselaws?id=413661 The Tribunal approved the application under Section 95 of the Insolvency and Bankruptcy Code, 2016 against the personal guarantor for outstanding debt. The default in payment by the guarantor led to the initiation of insolvency proceedings, resulting in the appointment of a Resolution Professional to oversee the resolution process. The Tribunal imposed an interim moratorium and directed the Resolution Professional to provide recommendations within a specified timeframe. The judgment highlights the legal procedures for initiating insolvency against personal guarantors, emphasizing their obligations and the importance of Resolution Professionals in safeguarding stakeholders' interests. en-us Fri, 08 Oct 2021 00:00:00 +0530 Mon, 18 Oct 2021 09:28:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413661 The Tribunal approved the application under Section 95 of the Insolvency and Bankruptcy Code, 2016 against the personal guarantor for outstanding debt. The default in payment by the guarantor led to the initiation of insolvency proceedings, resulting in the appointment of a Resolution Professional to oversee the resolution process. The Tribunal imposed an interim moratorium and directed the Resolution Professional to provide recommendations within a specified timeframe. The judgment highlights the legal procedures for initiating insolvency against personal guarantors, emphasizing their obligations and the importance of Resolution Professionals in safeguarding stakeholders' interests. Case-Laws Insolvency and Bankruptcy Fri, 08 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413661