An application was filed under Section 95 of the Code against the personal guarantor, Mr. Sandeep Kumar Bhatt. The applicant's counsel stated that the Demand Notice in Form-B had been served to the personal guarantor. The counsel sought an order under Section 96 & 97. The court initiated an interim moratorium under section 96 and appointed Mr. Sandeep Kumar Bhatt as the interim resolution professional. Mr. Sandeep Kumar Bhatt is required to file a report within 4 weeks. A notice to the Personal Guarantor was issued. The case was listed on 19.05.2022 for further proceedings. The key fact is the application against the personal guarantor and the subsequent initiation of the interim moratorium.

An application was filed under Section 95 of the Code against the personal guarantor, Mr. Sandeep Kumar Bhatt. The applicant's counsel stated that the Demand Notice in Form-B had been served to the personal guarantor. The counsel sought an order under Section 96 & 97. The court initiated an interim moratorium under section 96 and appointed Mr. Sandeep Kumar Bhatt as the interim resolution professional. Mr. Sandeep Kumar Bhatt is required to file a report within 4 weeks. A notice to the Personal Guarantor was issued. The case was listed on 19.05.2022 for further proceedings. The key fact is the application against the personal guarantor and the subsequent initiation of the interim moratorium.