An application has been filed under Section 95 of the Insolvency and Bankruptcy Code (IBC) to initiate the Corporate Insolvency Resolution Process (CIRP) against the personal guarantor of a Corporate Debtor. Another court (Court-2) has already challenged the maintainability of this application. The applicant claims to be a Financial Creditor and has provided a declaration under Section 97 of the IBC, stating that no disciplinary proceedings are pending against the Resolution Professional (RP). The court has directed the RP, Ms. Vineeta Maheshwari, to file a report within one month and has ordered an interim moratorium under Section 96 of the IBC to commence from the date of the application. The matter has been adjourned to 04.01.2022.

An application has been filed under Section 95 of the Insolvency and Bankruptcy Code (IBC) to initiate the Corporate Insolvency Resolution Process (CIRP) against the personal guarantor of a Corporate Debtor. Another court (Court-2) has already challenged the maintainability of this application. The applicant claims to be a Financial Creditor and has provided a declaration under Section 97 of the IBC, stating that no disciplinary proceedings are pending against the Resolution Professional (RP). The court has directed the RP, Ms. Vineeta Maheshwari, to file a report within one month and has ordered an interim moratorium under Section 96 of the IBC to commence from the date of the application. The matter has been adjourned to 04.01.2022.