https://www.taxtmi.com/caselaws?id=417100 The Tribunal granted the application to initiate the Insolvency Resolution Process against a Personal Guarantor who had guaranteed loans for a defaulting Corporate Debtor. An Interim Moratorium period was imposed under Section 96(1) of the Insolvency and Bankruptcy Code, halting legal actions. Smt. Reshma Mittal was appointed as the Resolution Professional to oversee the process, ensuring asset protection and effective resolution. The Resolution Professional was directed to serve relevant parties, provide financial information, and make recommendations within the specified timeframe. The case was scheduled for further proceedings to follow the procedural steps in the insolvency process against the Personal Guarantor. en-us Thu, 23 Dec 2021 00:00:00 +0530 Sat, 15 Jan 2022 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417100 The Tribunal granted the application to initiate the Insolvency Resolution Process against a Personal Guarantor who had guaranteed loans for a defaulting Corporate Debtor. An Interim Moratorium period was imposed under Section 96(1) of the Insolvency and Bankruptcy Code, halting legal actions. Smt. Reshma Mittal was appointed as the Resolution Professional to oversee the process, ensuring asset protection and effective resolution. The Resolution Professional was directed to serve relevant parties, provide financial information, and make recommendations within the specified timeframe. The case was scheduled for further proceedings to follow the procedural steps in the insolvency process against the Personal Guarantor. Case-Laws Insolvency and Bankruptcy Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417100