https://www.taxtmi.com/caselaws?id=424803 The Tribunal granted the application filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against Personal Guarantors of Corporate Debtors under Liquidation. Orders for Commencement of Corporate Insolvency Resolution Process (CIRP) and subsequent Liquidation were issued for both Corporate Debtors. The Respondent was notified but did not participate in the proceedings, leading to an ex-parte order. An Interim Resolution Professional was appointed, and the Financial Creditor was directed to provide the IRP with the necessary documents for preparing a report under Section 99 of the IBC, 2016. Further proceedings were scheduled for the submission of the IRP's Report. en-us Wed, 29 Jun 2022 00:00:00 +0530 Sat, 09 Jul 2022 08:01:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424803 The Tribunal granted the application filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against Personal Guarantors of Corporate Debtors under Liquidation. Orders for Commencement of Corporate Insolvency Resolution Process (CIRP) and subsequent Liquidation were issued for both Corporate Debtors. The Respondent was notified but did not participate in the proceedings, leading to an ex-parte order. An Interim Resolution Professional was appointed, and the Financial Creditor was directed to provide the IRP with the necessary documents for preparing a report under Section 99 of the IBC, 2016. Further proceedings were scheduled for the submission of the IRP's Report. Case-Laws Insolvency and Bankruptcy Wed, 29 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424803