Indian Bank, the applicant, filed an application against Sh. Arun Singh, a personal guarantor to a corporate debtor, under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application sought to initiate the insolvency resolution process (IR process) against the personal guarantor and requested the appointment of a Resolution Professional (RP). The applicant confirmed that a copy of the Demand Notice, dated April 30, 2022, had been duly served on the respondent, Sh. Arun Singh. Upon the filing of this application, an interim moratorium automatically commenced in relation to all debts of the personal guarantor, as stipulated under Section 96(1)(a) of the IBC. This provision ensures that legal proceedings and actions against the personal guarantor are

Indian Bank, the applicant, filed an application against Sh. Arun Singh, a personal guarantor to a corporate debtor, under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application sought to initiate the insolvency resolution process (IR process) against the personal guarantor and requested the appointment of a Resolution Professional (RP). The applicant confirmed that a copy of the Demand Notice, dated April 30, 2022, had been duly served on the respondent, Sh. Arun Singh. Upon the filing of this application, an interim moratorium automatically commenced in relation to all debts of the personal guarantor, as stipulated under Section 96(1)(a) of the IBC. This provision ensures that legal proceedings and actions against the personal guarantor are