This case involves an appeal against an order dated 03.02.2022 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Bench IV, concerning an application under Section 95 of the Insolvency and Bankruptcy Code, 2016. The respondent, Siemens Financial Services Pvt. Ltd., filed the application against the appellant, Amit Jain, who is the personal guarantor for loans sanctioned to CMI Ltd. (Corporate Debtor). The Adjudicating Authority ordered the initiation of an interim moratorium under Section 96 and appointed a Resolution Professional. The appellant challenges this order, arguing that Section 10A of the I&B Code, which prohibits the initiation of CIRP against a corporate debtor for defaults arising during a specific period, should also

This case involves an appeal against an order dated 03.02.2022 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Bench IV, concerning an application under Section 95 of the Insolvency and Bankruptcy Code, 2016. The respondent, Siemens Financial Services Pvt. Ltd., filed the application against the appellant, Amit Jain, who is the personal guarantor for loans sanctioned to CMI Ltd. (Corporate Debtor). The Adjudicating Authority ordered the initiation of an interim moratorium under Section 96 and appointed a Resolution Professional. The appellant challenges this order, arguing that Section 10A of the I&B Code, which prohibits the initiation of CIRP against a corporate debtor for defaults arising during a specific period, should also