Indian Bank filed an application under Section 95 of the IBC, 2016, against Sh. Rohit Singh, who is the Personal Guarantor to the Corporate Debtor. The application seeks to initiate the Insolvency Resolution (IR) process and appoint a Resolution Professional (RP). A demand notice was served to the respondent on 30.04.2022. Upon filing the application, an interim moratorium commenced as per Section 96(1)(a) of the IBC. The applicant did not propose a name for the RP. The court then appointed Mr. Gaurav Katiyar as the RP from the panel of IPS suggested by the IBBI. The RP is required to examine the application and make recommendations for acceptance or rejection.

Indian Bank filed an application under Section 95 of the IBC, 2016, against Sh. Rohit Singh, who is the Personal Guarantor to the Corporate Debtor. The application seeks to initiate the Insolvency Resolution (IR) process and appoint a Resolution Professional (RP). A demand notice was served to the respondent on 30.04.2022. Upon filing the application, an interim moratorium commenced as per Section 96(1)(a) of the IBC. The applicant did not propose a name for the RP. The court then appointed Mr. Gaurav Katiyar as the RP from the panel of IPS suggested by the IBBI. The RP is required to examine the application and make recommendations for acceptance or rejection.