Under Section 95(1) of the Insolvency & Bankruptcy Code, 2016 r/w Rule 7 of the Insolvency and Bankruptcy (Application to the Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors), Rules,

2019.

In the matter of

Phoenix ARC Private Limited

through the Resolution Professional

Mr.Gaurang Chhotalal Shah

... Financial Creditor

Versus

Mr. Manoharlal Deokaranji Bhoot

… Personal Guarantor

Order delivered on: 02.08.2024

Coram:

Sh. Prabhat Kumar Justice V.G Bisht, (Retd). Hon’ble Member (Technical) Hon’ble Member (Judicial)

Appearances:

For the Financial Creditor : Mr.Priyank Jadhav, Advocate

For the Personal Guarantor : ex parte

ORDER Per: Virendrasingh Gyansingh Bisht, Member (Judicial)

1. The present petition is filed under Section 95 of the Insolvency and Bankruptcy Code, 2016 (“Code") r/w Rule 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019 by Phoenix ARC Private Limited through the Resolution Professional Mr.Gaurang Chhotalal Shah (“Financial Creditor / Applicant”) for the purpose of initiating insolvency resolution process against Mr. Ma