CFM Asset Reconstruction Pvt. Ltd. initiated proceedings against Sh. Darshan Lal Baweja, who is the personal guarantor to a corporate debtor, under Section 95 of the IBC, 2016. The applicant sought the initiation of the insolvency resolution process and the appointment of a Resolution Professional (RP). An invocation notice was issued on 2022-07-06, and a demand notice was served on the respondent on 2022-08-30. The applicant did not propose a name for the RP. The interim moratorium has already commenced as stipulated under Section 96(1)(a) of IBC. The court appointed Mr. Neeraj Bhatia as the Resolution Professional.

CFM Asset Reconstruction Pvt. Ltd. initiated proceedings against Sh. Darshan Lal Baweja, who is the personal guarantor to a corporate debtor, under Section 95 of the IBC, 2016. The applicant sought the initiation of the insolvency resolution process and the appointment of a Resolution Professional (RP). An invocation notice was issued on 2022-07-06, and a demand notice was served on the respondent on 2022-08-30. The applicant did not propose a name for the RP. The interim moratorium has already commenced as stipulated under Section 96(1)(a) of IBC. The court appointed Mr. Neeraj Bhatia as the Resolution Professional.