The Resolution Professional filed an application under Section 95 of the Code against Mr. Sanjay Mehra, the personal guarantor. The applicant's counsel submitted that the Demand Notice in Form-B had already been served to Mr. Mehra. The counsel sought an order as required under Sections 96 & 97 of the IBC. The court then ordered the initiation of an Interim Moratorium under section 96 of the Code and appointed Mr. Sunder Khatri as the Insolvency Resolution Professional. Mr. Khatri is required to submit his report within 4 weeks. A notice was issued to the Personal Guarantor, and the case was listed for further proceedings on 18.07.2022. The key facts are the application against the personal guarantor, service of demand notice, and the request for an order under IBC.

The Resolution Professional filed an application under Section 95 of the Code against Mr. Sanjay Mehra, the personal guarantor. The applicant's counsel submitted that the Demand Notice in Form-B had already been served to Mr. Mehra. The counsel sought an order as required under Sections 96 & 97 of the IBC. The court then ordered the initiation of an Interim Moratorium under section 96 of the Code and appointed Mr. Sunder Khatri as the Insolvency Resolution Professional. Mr. Khatri is required to submit his report within 4 weeks. A notice was issued to the Personal Guarantor, and the case was listed for further proceedings on 18.07.2022. The key facts are the application against the personal guarantor, service of demand notice, and the request for an order under IBC.