https://www.taxtmi.com/caselaws?id=420861 Under the insolvency framework for personal guarantors, the Adjudicating Authority first seeks nomination and appointment of a resolution professional after the application is filed, and the report is then considered for admission or rejection. The statutory scheme does not require a personal guarantor to be given notice or a right of audience before appointment of the Interim Resolution Professional. Fair procedure is preserved at the report stage, where the debtor can respond and the resolution professional may seek further information before the application is decided. en-us Fri, 01 Apr 2022 00:00:00 +0530 Tue, 12 Apr 2022 09:16:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420861 Under the insolvency framework for personal guarantors, the Adjudicating Authority first seeks nomination and appointment of a resolution professional after the application is filed, and the report is then considered for admission or rejection. The statutory scheme does not require a personal guarantor to be given notice or a right of audience before appointment of the Interim Resolution Professional. Fair procedure is preserved at the report stage, where the debtor can respond and the resolution professional may seek further information before the application is decided. Case-Laws Insolvency and Bankruptcy Fri, 01 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420861