ORDER

(Hearing through hybrid mode

1. The present Petition has been filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as ‚Code/IBC, 2016") r/w Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019 by State Bank of India (hereinafter referred to as ‚Financial Creditor‛) for initiating insolvency resolution process against Mr. Ashok (hereinafter referred to as ‚Personal Guarantor‛) of MPL Cars Private Limited (hereinafter referred to as ‚Corporate Debtor‛).

2. This Tribunal vide order dated 13.08.2019 in CP/855/IB/2018 admitted the Corporate Debtor into CIRP and subsequently vide order dated 12.07.2024 into Dissolution.

3. Part – I of the application shows the details of the SBI/ Financial Creditor. The registered address is located at SBI, Stressed Asset Management Branch, Red Cross Building, Montieh Road, Egmore, Chennai - 600 008.

4. Part-II of the application shows the details of the Personal Guarantor. The Personal Guaran