https://www.taxtmi.com/caselaws?id=426263 The Tribunal granted the application for initiating the Insolvency Resolution Process against the Personal Guarantor who defaulted on repaying the loan guaranteed to the Corporate Debtor. The Tribunal appointed a Resolution Professional to manage the process during the interim moratorium, prohibiting legal actions against the Guarantor. Compliance with legal procedures and submission of recommendations within the specified timeframe were emphasized, ensuring adherence to the Insolvency and Bankruptcy Code, 2016. en-us Mon, 01 Aug 2022 00:00:00 +0530 Fri, 12 Aug 2022 08:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426263 The Tribunal granted the application for initiating the Insolvency Resolution Process against the Personal Guarantor who defaulted on repaying the loan guaranteed to the Corporate Debtor. The Tribunal appointed a Resolution Professional to manage the process during the interim moratorium, prohibiting legal actions against the Guarantor. Compliance with legal procedures and submission of recommendations within the specified timeframe were emphasized, ensuring adherence to the Insolvency and Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Mon, 01 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426263