Pushpa Goyal Insolvency Resolution Process Initiated

NCLT admits insolvency petition against Pushpa Goyal, personal guarantor for Sangrur Autos, for default of Rs 1.76 crore to IDFC First Bank.
Resolution Professional Ashok Malik recommends admission after verifying default existence and applicant cooperation.
Fresh 180-day moratorium commences, prohibiting legal actions and asset transfers against the guarantor.
RP directed to publish notice, prepare creditor list, and facilitate repayment plan submission within stipulated timelines.