Disposed
In the matter of Volkswagen Finance Pvt. Ltd. v. Tajwar Khan, Cp (IB)/42/(MP)/2023
Case brief
AI extract
What is this about?
The Adjudicating Authority allowed the application by a financial creditor to initiate the insolvency resolution process against a personal guarantor. The interim moratorium was directed to commence, and directions were issued for the appointment of a resolution professional and notice to the respondent.
What did the court decide?
Direct initiation of Corporate Insolvency Resolution Process, commencement of moratorium under Section 96, and appointment of Resolution Professional.