The Resolution Professional filed an application under Section 95 of the Code against Piyoosh Goyal, the personal guarantor. The applicant's counsel confirmed that the Demand Notice in Form-B had been served to the personal guarantor. The counsel requested the court to pass an order under Section 96 & 97 IBC. The court then ordered the initiation of an Interim Moratorium under section 96 of the Code and appointed Mr. Rakesh Kumar Jain as the Insolvency Resolution Professional. Mr. Jain is required to submit a report within four weeks. A notice was issued to the Personal Guarantor, and the case was listed for further proceedings on 2022-07-26.

The Resolution Professional filed an application under Section 95 of the Code against Piyoosh Goyal, the personal guarantor. The applicant's counsel confirmed that the Demand Notice in Form-B had been served to the personal guarantor. The counsel requested the court to pass an order under Section 96 & 97 IBC. The court then ordered the initiation of an Interim Moratorium under section 96 of the Code and appointed Mr. Rakesh Kumar Jain as the Insolvency Resolution Professional. Mr. Jain is required to submit a report within four weeks. A notice was issued to the Personal Guarantor, and the case was listed for further proceedings on 2022-07-26.