https://www.taxtmi.com/caselaws?id=427067 The Tribunal admitted the petition under Section 95 of the IBC, 2016, and initiated the Insolvency Resolution Process against the Personal Guarantor. A moratorium was declared for 180 days, during which pending legal actions or proceedings are stayed, and creditors cannot initiate new actions. The Personal Guarantor is prohibited from transferring assets. The Resolution Professional must publish a notice inviting creditor claims, prepare a list of creditors, and a Repayment Plan in consultation with the debtor. en-us Wed, 17 Aug 2022 00:00:00 +0530 Thu, 01 Sep 2022 08:29:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427067 The Tribunal admitted the petition under Section 95 of the IBC, 2016, and initiated the Insolvency Resolution Process against the Personal Guarantor. A moratorium was declared for 180 days, during which pending legal actions or proceedings are stayed, and creditors cannot initiate new actions. The Personal Guarantor is prohibited from transferring assets. The Resolution Professional must publish a notice inviting creditor claims, prepare a list of creditors, and a Repayment Plan in consultation with the debtor. Case-Laws Insolvency and Bankruptcy Wed, 17 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427067