Under Section 95(1) of the Insolvency & Bankruptcy Code, 2016 r/w Rule 7 of the Insolvency and Bankruptcy (Application to the Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors), Rules,

2019.

In the matter of

IDBI Bank Limited

... Financial Creditor

Versus

Sodhamti R Gutte

… Personal Guarantor

Order delivered on: 29.04.2024

Coram:

Hon’ble Member (Judicial) : Sh. Virendra Singh G. Bisht (Retd. Justice)

Hon’ble Member (Technical) : Sh.Prabhat Kumar

Appearances:

For the Financial Creditor : Mr. Ali, Advocate

For the Respondent : Mr. Aniruth Purusothaman, Advocate

ORDER Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019 by IDBI Bank Limited (“Financial Creditor / Applicant”) for the purpose of initiating insolvency resolution process against Mr. Sodhamati R Gutte (“Personal Guarantor / Respondent”) who is the Personal Guarantor of the Corporate Debtor, Sunil Hitech Engineers Limited.

Per: V.G. Bisht (Retd. Justice)

1. The present petition is filed under Section 95 of the Insolvency and

Bankruptcy Code, 2016 (“Code") r/w Rule 7 of the Insolvency and

2. The total de