2020 (11) TMI 988

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....(IB)- 951 (PB)/2020 - -<br>Insolvency & Bankruptcy<br>SH. B.S.V. PRAKASH KUMAR AND SK. HEMANT KUMAR SARANGI, JJ. For the Petitioner: Mr. Abhishek Anand, & Kunal Godhwani, Adv. For the Respondent: None JUDGMENT Dictated in open court B.S.V. PRAKASH KUMAR, J. It is an application filed u/ s 95 of Insolvency & Bankruptcy Code (the Code) by a financial creditor namely State Bank of I....

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.... debtor namely M/S. Multiwal Pulp and Board Mills Pvt Ltd., against which resolution plan has already been approved by the COC and the same is pending for approval of this bench. 4. For the law is clear that the creditor can proceed against the personal guarantor under Part-Ill (Insolvency Resolution and Bankruptcy for individuals and partnership firm) of the Code, the applicant creditor has fi....

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.... Pvt Ltd.) and this personal guarantor standing as guarantor to the loan availed by the said corporate debtor, we hereby clarified that interim moratorium is deemed to have commenced from the date of filing of this application in relation to all the debts and any legal action or proceeding pending in respect of any debt shall be deemed to have been stayed and the creditors of the debtor shall not ....