APAC Financial Services Initiates Insolvency Against Kishore Biyani

APAC Financial Services filed for insolvency against Kishore Biyani as a personal guarantor for a corporate debtor.
The NCLT appointed Hasti Mal Kachhara as Resolution Professional with a ₹2 lakh advance payment.
An interim moratorium is in effect, staying all legal proceedings against the guarantor's debts.
The RP must examine the application and submit a report within 10 days recommending admission or rejection.