Punjab National Bank filed a petition under Section 95 of the Insolvency and Bankruptcy Code (IBC) against Suman Guglani, the respondent, who is a personal guarantor. Mr. Priya Bhushan Sharma was proposed as the Resolution Professional (RP). The Registry verified Mr. Sharma's credentials and found no adverse remarks against him on the IBBI website. The court appointed Mr. Sharma as the RP and directed him to comply with Section 99 of the I&B Code, 2016, and file a report within two weeks. The court issued a limited notice to the respondent-personal guarantor, requiring their presence within two weeks, returnable on or before 22.05.2023. The petitioner's counsel was directed to file an affidavit regarding the service of notice on the respondent-personal guarantor.

Punjab National Bank filed a petition under Section 95 of the Insolvency and Bankruptcy Code (IBC) against Suman Guglani, the respondent, who is a personal guarantor. Mr. Priya Bhushan Sharma was proposed as the Resolution Professional (RP). The Registry verified Mr. Sharma's credentials and found no adverse remarks against him on the IBBI website. The court appointed Mr. Sharma as the RP and directed him to comply with Section 99 of the I&B Code, 2016, and file a report within two weeks. The court issued a limited notice to the respondent-personal guarantor, requiring their presence within two weeks, returnable on or before 22.05.2023. The petitioner's counsel was directed to file an affidavit regarding the service of notice on the respondent-personal guarantor.