https://www.taxtmi.com/caselaws?id=302517 A prima facie case was found for initiating insolvency proceedings against the personal guarantor under the Insolvency and Bankruptcy Code, based on the creditor's authorisation, the guaranty documents, and the proposed resolution professional's consent and authorisation. The application was treated as maintainable at the initial stage, and the proposed resolution professional was appointed to examine the application and submit a report within the prescribed time. Interim moratorium commenced from the date of filing under Section 96, suspending legal action or proceedings in respect of the debt during the interim moratorium period. en-us Tue, 15 Feb 2022 00:00:00 +0530 Tue, 31 May 2022 22:28:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302517 A prima facie case was found for initiating insolvency proceedings against the personal guarantor under the Insolvency and Bankruptcy Code, based on the creditor's authorisation, the guaranty documents, and the proposed resolution professional's consent and authorisation. The application was treated as maintainable at the initial stage, and the proposed resolution professional was appointed to examine the application and submit a report within the prescribed time. Interim moratorium commenced from the date of filing under Section 96, suspending legal action or proceedings in respect of the debt during the interim moratorium period. Case-Laws Insolvency and Bankruptcy Tue, 15 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302517