https://www.taxtmi.com/caselaws?id=420902 The State Bank of India filed an application under the Insolvency and Bankruptcy Code against a Personal Guarantor for credit facilities extended to a Corporate Debtor. The Guarantor failed to clear outstanding liabilities, leading to the initiation of the Insolvency Resolution Process. The Tribunal admitted the application, declared a moratorium, and appointed a Resolution Professional. The process included creditor notifications, preparation of a repayment plan, and adherence to IBC guidelines. en-us Tue, 29 Mar 2022 00:00:00 +0530 Wed, 13 Apr 2022 08:38:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420902 The State Bank of India filed an application under the Insolvency and Bankruptcy Code against a Personal Guarantor for credit facilities extended to a Corporate Debtor. The Guarantor failed to clear outstanding liabilities, leading to the initiation of the Insolvency Resolution Process. The Tribunal admitted the application, declared a moratorium, and appointed a Resolution Professional. The process included creditor notifications, preparation of a repayment plan, and adherence to IBC guidelines. Case-Laws Insolvency and Bankruptcy Tue, 29 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420902