Tribunals and CommissionsDivision Bench(2022) 07 NCLT CK 0600

Volkswagen Finance Pvt Ltd vs Tajwar Khan

National Company Law Tribunal · Decided on 7 July 2022

HON’BLE JUDGES
Madan B. Gosavi, Member (J) · Kaushalendra Kumar Singh, Member (T)
CASE NUMBER
CP(IB)/42(MP)2022

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Judgment

6 paragraphs · 126 words

ORDER

The instant application is filed under Section 95(1) of the Code seeking initiation of Insolvency Resolution Process against the personal guarantor of the Corporate Debtor, namely, Tajwar Khan.

Learned Counsel for the Applicant states that present application is filed by the Financial Creditor and declaration as mentioned in Section 97 of the Code with respect to no disciplinary proceedings being pending against the RP is also obtained.

The Interim moratorium shall commence under Section 96 of IBC, 2016 from the date of application. The RP, as suggested by the Applicant, Mr. Kamal Agarwal having Registration No. IBBI/IPA-001/IP-P00868/2017-2018/11466 is directed to file report within ten days.

We direct the Applicant as well as Registry to issue notice to the Respondent.

The matter to appear on 26.08.2022.