ASHOK BHUSHAN, J. This Appeal by Personal Guarantor of the Corporate Debtor – Stride Auto Parts Ltd. has been filed challenging order dated 28.02.2024 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Court-III by which order Section 95(1) application filed by the State Bank of India has been admitted under Section 100 of the I&B Code. The Appellant – Personal Guarantor aggrieved by admission of Section 95 application has come up in this Appeal. Brief facts of the case necessary for deciding this appeal are:

• (i) The Appellant has given personal guarantee to the two Corporate Debtors namely Castex Technologies Pvt. Ltd. and Stride Auto Parts Ltd. (ii) The Appellant has given Deed of Guarantee on 24.09.2015 in favour of L&T Finance Ltd. to secure the debt of Castex Technologies Pvt. Ltd. (iii) On 13.01.2016 and 14.01.2016, the Appellant executed a Deed of Guarantee in favour of State Bank of India to secure the debt of Stride Auto Parts Ltd., the Corporate Debtor. (iv) An application under Section 7 was filed by the State Bank of India before the NCLT, Chandigarh praying initiation of CIRP against the Corporate Debtor- Castex Technologies Pvt