An application was filed under Section 95 of the Insolvency and Bankruptcy Code (IBC) to initiate the Insolvency Resolution Process against the personal guarantor of the Corporate Debtor, Honest Derivatives Private Limited. The applicant filed the application through Resolution Professional Mr. Shah Rahul Nareshbhai, who is registered with IBBI. A declaration stating that no disciplinary proceedings are pending against the RP was also obtained. The court appointed Mr. Shah Rahul Nareshbhai as the RP and directed him to file a report within ten days. An interim moratorium was also declared, commencing from the date of the application. The matter was listed for further consideration on 23.09.2022.

An application was filed under Section 95 of the Insolvency and Bankruptcy Code (IBC) to initiate the Insolvency Resolution Process against the personal guarantor of the Corporate Debtor, Honest Derivatives Private Limited. The applicant filed the application through Resolution Professional Mr. Shah Rahul Nareshbhai, who is registered with IBBI. A declaration stating that no disciplinary proceedings are pending against the RP was also obtained. The court appointed Mr. Shah Rahul Nareshbhai as the RP and directed him to file a report within ten days. An interim moratorium was also declared, commencing from the date of the application. The matter was listed for further consideration on 23.09.2022.