NATIONAL COMPANY LAW TRIBUNAL BENCH AT INDORE

ITEM No.1

C.P.(IB)/38(MP)2021

Order under Section 95 IBC

IN THE MATTER OF:

State Bank of India ........Applicant

V/s

Ashok Rajpal ........Respondent

Coram:

Mohan P. Tiwari, Hon’ble Member(J) Sanjeev Sharma, Hon’ble Member(T)

ORDER

Delivered on 18/09/2025

This case is fixed for pronouncement of the order. The order is pronounced in open

Court vide separate sheet.

Sd/- Sd/-

SANJEEV SHARMA MOHAN P. TIWARI

MEMBER (TECHNICAL) MEMBER (JUDICIAL)

Neeraj

THE NATIONAL COMPANY LAW TRIBUNAL BENCH AT INDORE CP(IB) No. 38 of 2021 State Bank of India Having its registered office at:

Stressed Asset Management Branch

1^st Floor, SBI Building, Plot No. 1 Arera Hills, Bhopal (M.P.)-462011 … Financial Creditor Versus Mr. Ashok Kumar Rajpal Personal Guarantor to M/s. Rajpal Abhikaran Private Limited Having address at: 7, Triveni Colony Indore (M.P.)-452001 … Personal Guarantor C O R A M:

HON’BLE SH. MOHAN P. TIWARI, MEMBER (J) HON’BLE SH. SANJEEV SHARMA, MEMBER (T)

Appearance:

For the Applicant : Mr. Nipun Singhvi, Adv.

For the PG : Mr. Nilesh Udhernani, Adv.

J U D G E M E N T

Delivered on 18.09.2025

1. The Present Application is filed under Section 95 of the Insolvency and Bankrupt