https://www.taxtmi.com/caselaws?id=421823 The Tribunal admitted the application to initiate the Insolvency Resolution Process against the Personal Guarantor, declaring a moratorium and appointing a Resolution Professional. The Resolution Professional was instructed to invite creditor claims, prepare a repayment plan with the guarantor, and submit it to the Adjudicating Authority. The judgment outlined the process for creditor meetings and stressed compliance with the IBC, 2016. Periodical reports were scheduled, and the Registry was directed to distribute the order promptly to all parties and their legal representatives, with a Certified Copy available upon formalities' completion. en-us Thu, 21 Apr 2022 00:00:00 +0530 Mon, 02 May 2022 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421823 The Tribunal admitted the application to initiate the Insolvency Resolution Process against the Personal Guarantor, declaring a moratorium and appointing a Resolution Professional. The Resolution Professional was instructed to invite creditor claims, prepare a repayment plan with the guarantor, and submit it to the Adjudicating Authority. The judgment outlined the process for creditor meetings and stressed compliance with the IBC, 2016. Periodical reports were scheduled, and the Registry was directed to distribute the order promptly to all parties and their legal representatives, with a Certified Copy available upon formalities' completion. Case-Laws Insolvency and Bankruptcy Thu, 21 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421823