Hon’ble National Company Law Tribunal, New Delhi, Special Bench(Court-II) (“Hon’ble NCLT”), vide order dated 17.10.2025 served to RP on (03.11.2025) passed in C.P. (IB) No. 238/ND/ 2025, titled as CFM Asset Reconstruction Pvt Ltd. vs. Ms. Sneh Raman Gupta, has admitted the application filed under Section 95 of the Insolvency and Bankruptcy Code, 2016 (“the Code”) and initiated the Personal Insolvency Resolution Process against Ms. Sneh Raman Gupta under Section 100 of the Code.

IMPOSITION OF MORATORIUM U/S 101 OF THE CODE
With the admission of application u/s 100, a moratorium has been commenced in relation to all the debts of Sneh Raman Gupta. Pursuant to the imposition of moratorium under Section 101 of the Code, no legal proceedings can continue or be initiated against the personal guarantor in respect of any debt; and the personal guarantor is barred from transferring, alienating, encumbering or disposing of any of his assets or his legal rights or beneficial interest therein.

PUBLICATION OF PUBLIC NOTICE UNDER SECTION 102 OF THE CODE 2016
In accordance with the directives from the Hon’ble NCLT, Special Bench(Court-II), New Delhi, dated 17.10.2025, Order served to RP on 03.11.2025,a public notice has been published by the Resolution Professional on 07.11.2025 in two newspapers namely Financial Express (English Edition) and Jansatta (Hindi Edition), inviting claims from all creditors within 21 days of the issue of notice. The above public announcement mentions that the last date for claim submission is 28.11.2025.

Summary of the aforementioned events is given below:-