https://www.taxtmi.com/caselaws?id=417954 The court granted the application under Section 95 of the Insolvency and Bankruptcy Code, allowing the initiation of the Insolvency Resolution Process against the Personal Guarantor of 'M/s. VIL Limited'. The debt of Rs. 59,65,43,741/- owed by the Corporate Debtor led to the application, triggering an interim-moratorium on legal actions. The Resolution Professional, Ms. Ritu Rastogi, was appointed to assess the case and provide recommendations under Section 99 of the Code. The judgment underscores the procedural steps involved in pursuing insolvency proceedings against a Personal Guarantor, emphasizing adherence to the Code's provisions. en-us Fri, 21 Jan 2022 00:00:00 +0530 Fri, 04 Feb 2022 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417954 The court granted the application under Section 95 of the Insolvency and Bankruptcy Code, allowing the initiation of the Insolvency Resolution Process against the Personal Guarantor of 'M/s. VIL Limited'. The debt of Rs. 59,65,43,741/- owed by the Corporate Debtor led to the application, triggering an interim-moratorium on legal actions. The Resolution Professional, Ms. Ritu Rastogi, was appointed to assess the case and provide recommendations under Section 99 of the Code. The judgment underscores the procedural steps involved in pursuing insolvency proceedings against a Personal Guarantor, emphasizing adherence to the Code's provisions. Case-Laws Insolvency and Bankruptcy Fri, 21 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417954