Vistara (ITCL) India Ltd. & Anr. filed a Company Petition under Section 95(1) of the Insolvency & Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against Mr. Hemang Dipakumar Rawal, who is the Personal Guarantor. A demand notice dated 19.10.2020 was successfully delivered to the Personal Guarantor. The Personal Guarantor did not reply to the demand notice. A copy of the Petition and Court Notice dated 15.06.2022 was successfully delivered to the Personal Guarantor on 14.07.2022. The Financial Creditor proposed Mr. Ratnakar Shetty as the Resolution Professional. The court appointed Mr. Ratnakar Shetty as the Resolution Professional. The interim-moratorium under Section 96(1)(a) of the I&B Code, 2016 has commenced.

Vistara (ITCL) India Ltd. & Anr. filed a Company Petition under Section 95(1) of the Insolvency & Bankruptcy Code, 2016, to initiate the Insolvency Resolution Process against Mr. Hemang Dipakumar Rawal, who is the Personal Guarantor. A demand notice dated 19.10.2020 was successfully delivered to the Personal Guarantor. The Personal Guarantor did not reply to the demand notice. A copy of the Petition and Court Notice dated 15.06.2022 was successfully delivered to the Personal Guarantor on 14.07.2022. The Financial Creditor proposed Mr. Ratnakar Shetty as the Resolution Professional. The court appointed Mr. Ratnakar Shetty as the Resolution Professional. The interim-moratorium under Section 96(1)(a) of the I&B Code, 2016 has commenced.