J U D G M E N T

ASHOK BHUSHAN, J.

1.These two appeals have been filed by the personal guarantors of the corporate debtor M/s. Kudos Chemie Ltd. challenging the common order dated 18.03.2026 passed by the adjudicating authority (National Company Law Tribunal, Chandigarh Bench, Court – I, Chandigarh) admitting C.P. (IB) No. 214/2021 filed by the State Bank of India (SBI) against Gurmeet Sodhi and C.P. (IB) No.205/2021 filed by the SBI against Jitendra Singh. Adjudicating authority by the impugned order has admitted Section 95 application against both the personal guarantors, aggrieved by which order, these appeals have been filed.

2. Both the appeals having arisen from common facts and events, it shall be sufficient to refer to Comp. App. (AT) (Ins.) No. 774/2026 for deciding both the appeals:

i. The corporate debtor availed various credit facilities from consortium of lending Banks on 24.04.2014.

ii. State Bank of India (SBI) issued a sanction letter dated 30.09.2014, for allowing Corporate Debt Restructuring (‘CDR’) limit of 193.62 crore, the borrower executed various documents on 30.09.2014. Gurmeet Sodhi and Jitendra Singh executed Deed of Guarantee dated 30.09.2014 in favour of the S