ORDER

PER: BENCH

The present Petition has been filed, vide Diary No.416 dated 01.04.2024, by Bank of Baroda (hereinafter referred to as the “Petitioner” or “Financial Creditor”) through its Chief Manager, Mr. Thamarai Selvan, who has authorisation letter dated 22.11.2018, under section 95 of the Insolvency and Bankruptcy Code, 2016 (herein after referred to as the “IBC” or “Code”) read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtor) Rules, 2019 (hereinafter referred to as the “Personal Guarantors Rules”) seeking to initiate Personal Insolvency Resolution Process (hereinafter referred to as the “PIRP”) against Mr. Rayapati Sambasiva Rao (hereinafter referred to as the “Respondent No.1” or “Personal Guarantor”), who is the Personal Guarantor