State Bank of India filed an application under Section 95 of the Insolvency & Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against Ms. Sonal Garg, who is the Personal Guarantor of M/s Alupan Composite Panels Pvt. Ltd (the Corporate Debtor). A limited notice was issued to Ms. Garg. Upon filing the application, an interim-moratorium commenced under Section 96(1)(a) of the IBC, which stays any pending legal action or proceeding in respect of any debt of the personal guarantor and prevents creditors from initiating any legal action or proceedings in respect of any debt. The IBBI informed that online databases may be used for sections 97(2) and 98(6) of the IBC. Mr. Vivek Parti was appointed as the Resolution Professional.

State Bank of India filed an application under Section 95 of the Insolvency & Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against Ms. Sonal Garg, who is the Personal Guarantor of M/s Alupan Composite Panels Pvt. Ltd (the Corporate Debtor). A limited notice was issued to Ms. Garg. Upon filing the application, an interim-moratorium commenced under Section 96(1)(a) of the IBC, which stays any pending legal action or proceeding in respect of any debt of the personal guarantor and prevents creditors from initiating any legal action or proceedings in respect of any debt. The IBBI informed that online databases may be used for sections 97(2) and 98(6) of the IBC. Mr. Vivek Parti was appointed as the Resolution Professional.