Vistara (ITCL) India Ltd. & Anr. filed a company petition under Section 95(1) of the I&B Code, 2016, to initiate the Insolvency Resolution Process against Mr. Ravindra Mallikarjunappa Madhudhi, who is the Personal Guarantor. A Demand Notice dated 19.10.2020 was delivered to the Personal Guarantor, but no reply was issued. A copy of the Petition and Court Notice dated 15.06.2022 was delivered to the Personal Guarantor on 14.07.2022. The Financial Creditor proposed Mr. Ratnakar Shetty as the Resolution Professional, who is registered with IBBI. The interim-moratorium under Section 96(1)(a) of the I&B Code, 2016, commenced on the date of filing of the application.

Vistara (ITCL) India Ltd. & Anr. filed a company petition under Section 95(1) of the I&B Code, 2016, to initiate the Insolvency Resolution Process against Mr. Ravindra Mallikarjunappa Madhudhi, who is the Personal Guarantor. A Demand Notice dated 19.10.2020 was delivered to the Personal Guarantor, but no reply was issued. A copy of the Petition and Court Notice dated 15.06.2022 was delivered to the Personal Guarantor on 14.07.2022. The Financial Creditor proposed Mr. Ratnakar Shetty as the Resolution Professional, who is registered with IBBI. The interim-moratorium under Section 96(1)(a) of the I&B Code, 2016, commenced on the date of filing of the application.