https://www.taxtmi.com/article/detailed?id=14413 A financial creditor may initiate insolvency proceedings against a personal guarantor by filing an application under Section 95 with supporting evidence, which triggers an interim moratorium and the appointment or confirmation of a resolution professional to examine records and submit a report. The resolution professional must file a reasoned recommendation within the prescribed period; until the report is submitted and the Adjudicating Authority decides on admission, the pre admission stages are non adjudicatory and do not give rise to a cause of action permitting judicial challenge to interim procedural steps. en-us Thu, 15 May 2025 07:34:28 +0530 Thu, 15 May 2025 07:34:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14413 A financial creditor may initiate insolvency proceedings against a personal guarantor by filing an application under Section 95 with supporting evidence, which triggers an interim moratorium and the appointment or confirmation of a resolution professional to examine records and submit a report. The resolution professional must file a reasoned recommendation within the prescribed period; until the report is submitted and the Adjudicating Authority decides on admission, the pre admission stages are non adjudicatory and do not give rise to a cause of action permitting judicial challenge to interim procedural steps. Articles Corporate Laws / IBC / SEBI Thu, 15 May 2025 07:34:28 +0530 https://www.taxtmi.com/article/detailed?id=14413