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2026 Supreme(Online)(NCLT) 614

NATIONAL COMPANY LAW TRIBUNAL
Jyoti Kumar Tripathi, J, Ravichandran Ramasamy, Technical Member
State Bank of India – Appellant
Versus
Ajay Kumar Bishnoi – Respondent


Advocates:
For the Appellants/Petitioners: M L Ganesh, S Arun Kumar
For the Respondents: Ankit Sibal

Table of Content
1. application filed against personal guarantor. (Para 1 , 2 , 3 , 4 , 5)
2. submissions from creditor and debtor. (Para 7 , 8)

ORDER

(Hearing through hybrid mode)

The present Petition has been filed under Section 95 (1) of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as Code IBC, 2016) read as rule 7(2) of IBC by the” The Assistant General Manager, State Bank of India ”, represented by its Authorized Signatory (hereinafter referred to as Financial Creditor) seeking initiation of the Insolvency Resolution Process against” Ajay Kumar Bishnoi ” Respondent/ Personal Guarantor who has executed personal guarantees in respect of the credit facilities extended to the Corporate Debtor,GET Power Limited

2. Part I of the Application shows the details of The Assistant General Manager, State Bank of India (Financial Creditor). The registered address is located at SBI, SAMB, Red Cross Buildings, Egmore, Chennai — 600 008 and business address at State Bank of India, Stressed Assets Banking Branch, Red Cross Buildings, Egmore, Chennai — 600 008.

3. Part II of the Application shows the details of the Personal Guarantor/ Respondent, in respect of the credit facilitie

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