NATIONAL COMPANY LAW TRIBUNAL SPECIAL BENCH, COURT – II CHENNAI ATTENDANCE CUM ORDER SHEET OF THE HEARING OF NATIONAL COMPANY LAW TRIBUNAL, CHENNAI BENCH, HELD ON 13.01.2026 AT

1.10 P.M. THROUGH VIDEO CONFERENCING:

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PRESENT: SHRI. SANJIV JAIN, HON'BLE MEMBER (JUDICIAL)

SHRI. VENKATARAMAN SUBRAMANIAM, HON'BLE MEMBER (TECHNICAL)

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APPLICATION NUMBER : IA(IBC)/1271/2024 PETITION NUMBER : CP/IBC/24/2024 NAME OF THE APPLICANT : CA Sudhir G S NAME OF THE RESPONDENT(S) : S Indhu & Anr UNDER SECTION : Sec 99 of IBC, 2016 ----------------------------------------------------------------------------------------------------------------

ORDER

Present : None for the Petitioner / Personal Guarantor.

Vide common order pronounced in the open court, the report filed by the IRP in IA(IBC)/1271/2024 is taken on record. The Petition is admitted. Personal Insolvency Resolution Process is initiated against the Personal Guarantor Ms. Indhu S and Mr. Sudhir GS is appointed as the RP.

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VENKATARAMAN SUBRAMANIAM SANJIV JAIN Member (Technical) Member (Judicial)

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IN THE NATIONAL COMPANY LAW TRIBUNAL, SPECIAL BENCH-II CHENNAI CP(IB)/24(CHE)/2024 (Under section 100 of the Insolvency and Bankruptcy Code, 2016 read with Rule

6(1) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019)

Ms. INDHU S

44A, Nehruji Street, Durga Nagar, Tambaram, Kancheepuram TN 600 047 .... Personal Guarantor/Applicant Versus ICICI Bank Limited, (BLG DSMG), No 24, Arihanth Insight, 2nd Cross Street, Ambattur Industrial Estate, Ambattur, Chennai TN 600058 .... Financial Creditor//Respondent Along with IA(IBC)/1271/CHE/2024 In CP(IB)/24(CHE)/2024 (filed under section 99 of Insolvency and Bankruptcy Code, 2016)

CA. Sudhir G.S

71/1 'Hari Krupa', 2nd Floor, Mc Nicholas Road (Off Poonamallee), Chetpet - 600031 … Interim Resolution Professional/Petitioner Versus Ms. S Indhu No.44, Nehruji street, Durga Nagar, Tambaram, Kanchipuram – 600078 .... Personal Guarantor ICICI Bank Limited BLG DSMG, No.24, Arihanth Insight, 2nd Cross Street, Ambattur Industrial Estate, Ambattur, Chennai 600058 …. Financial creditor Order pronounced on 13^th January 2026 CORAM :

SANJIV JAIN, MEMBER (JUDICIAL)

VENKATARAMAN SUBRAMANIAN, MEMBER (TECHNICAL)

For Applicant : Mr. A S Sathish, PCS.

For IRP : Sudhir IRP

O R D E R

(Hearing through hybrid mode This Petition has been filed u/s. 94(1) of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as “IBC, 2016") r/w Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019 by Indhu S (“Personal Guarantor”) to initiate Insolvency Resolution Process in respect of the Applicant, being the Personal Guarantor for DCDR Infra Private Limited. ('Corporate Debtor"). In Part-III of the petition, the Applicant has given the particulars of debt pertaining to the Respondent ICICI bank as Rs. 3,99,72,967/- (Rupees three core ninety-nine lakhs seventy-two thousand nine hundred and sixty seven only), and the amount of default Rs. 3,99,72,967/- (Rupees three core ninety-nine lakhs seventy-two thousand nine hundred and sixty-seven only), the date of default as 03.02.2022, The instant petition has been filed on 31.10.2024.

2. Part – I of the petition sets out the details of the Applicant /

Personal Guarantor. The address of the Applicant is mentioned as No

44A, Nehruji Street, Durga Nagar, Tambaram, Kancheepuram TN 600 04. The Applicant stood as a personal guarantor in respect of the loans availed by the Corporate Debtor DCDR Infra Private Limited. It is stated that the guarantee was invoked by the 1st Respondent vide notice of Demand dated 01.09.202