2022 (2) TMI 1242

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.... Lalit Mohan, Videh Vaish, Advs. and Akansha ORDER 1. This is an Application filed under Rule 7(2) of the Insolvency & Bankruptcy (Application to Adjudicating Authority for Insolvency & Bankruptcy). Ld. Counsel for the Petitioner has taken us through the present Application seeking initiation of the insolvency Proceedings against the Personal Guarantor in terms of Section 95 of the Code. The....

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....uarantor for initiation of the proceedings under Section 95 of the Code. 5. Accordingly, we hereby appoint Mr. Deepak Mittal, Resolution Professional having Registration No. IBBI/IPA-001/IP-P02-96/2020-2021/13264 in the matter as proposed by the Applicant/Financial Creditor to be appointed as a Resolution Professional to examine the present Application and to submit his report within ten days f....

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....y legal action or proceeding pending in respect of any debt shall be deemed to have been stayed; and (ii) the creditors of the debtor shall not initiate any legal action or proceedings in respect of any debt. (2) Where the application has been made in relation to a firm, the interim-moratorium under sub-section (1) shall operate against all the partners of the firm as on the date....