https://www.taxtmi.com/caselaws?id=299948 The application against the personal guarantor under the Insolvency and Bankruptcy Code was admitted on proof of default and compliance with the prescribed procedure. The record included the personal guarantee, demand notice, and the application filed in the statutory form after the waiting period; the Bench found the guarantor's objection untenable and accepted that default had occurred. The interim moratorium under Section 96 commenced from the date of filing of the application, and the resolution professional on record was confirmed to exercise powers under the Code and submit a reasoned report under Section 99. en-us Thu, 30 Sep 2021 00:00:00 +0530 Thu, 06 Jan 2022 07:10:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299948 The application against the personal guarantor under the Insolvency and Bankruptcy Code was admitted on proof of default and compliance with the prescribed procedure. The record included the personal guarantee, demand notice, and the application filed in the statutory form after the waiting period; the Bench found the guarantor's objection untenable and accepted that default had occurred. The interim moratorium under Section 96 commenced from the date of filing of the application, and the resolution professional on record was confirmed to exercise powers under the Code and submit a reasoned report under Section 99. Case-Laws Insolvency and Bankruptcy Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299948