DMI Finance Pvt. Ltd. filed an application under Section 95 of the IBC to initiate the Insolvency Resolution process against the personal guarantor, Navin Raheja. An interim moratorium under Section 96 was ordered on January 21, 2020. The applicant's counsel confirmed that notice had been issued and a service affidavit filed. The next step in the process was the appointment of a Resolution Professional (RP) under Section 97 of the Code. Mr. Rajendra Prasad Tak's details and undertaking as RP, along with Form-A and Form-B certificates, were filed with the application. The court then appointed Mr. Rajendra Prasad Tak as the RP, directing him to submit a report under Section 99(1)(7) of the Code, following the procedure outlined in Section 99.

DMI Finance Pvt. Ltd. filed an application under Section 95 of the IBC to initiate the Insolvency Resolution process against the personal guarantor, Navin Raheja. An interim moratorium under Section 96 was ordered on January 21, 2020. The applicant's counsel confirmed that notice had been issued and a service affidavit filed. The next step in the process was the appointment of a Resolution Professional (RP) under Section 97 of the Code. Mr. Rajendra Prasad Tak's details and undertaking as RP, along with Form-A and Form-B certificates, were filed with the application. The court then appointed Mr. Rajendra Prasad Tak as the RP, directing him to submit a report under Section 99(1)(7) of the Code, following the procedure outlined in Section 99.