https://www.taxtmi.com/caselaws?id=415211 A personal guarantor insolvency application was accepted as properly filed because it was in the prescribed form and contained the required particulars, meeting the threshold for statutory consideration. The limitation objection was not accepted at this stage, as the guarantee was treated as continuing and the demand was regarded as still operative. On filing, the statutory interim moratorium under the personal guarantor regime came into effect in respect of the guarantor's debts. The proposed insolvency professional was found eligible and was appointed as resolution professional, with directions to examine the application and submit a recommendation within the statutory period. en-us Thu, 18 Nov 2021 00:00:00 +0530 Tue, 30 Nov 2021 08:31:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415211 A personal guarantor insolvency application was accepted as properly filed because it was in the prescribed form and contained the required particulars, meeting the threshold for statutory consideration. The limitation objection was not accepted at this stage, as the guarantee was treated as continuing and the demand was regarded as still operative. On filing, the statutory interim moratorium under the personal guarantor regime came into effect in respect of the guarantor's debts. The proposed insolvency professional was found eligible and was appointed as resolution professional, with directions to examine the application and submit a recommendation within the statutory period. Case-Laws Insolvency and Bankruptcy Thu, 18 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415211