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NATIONAL COMPANY LAW TRIBUNAL
Prabhat Kumar, Technical Member, Sushil Mahadeorao Kochey, Judicial Member
Madhubala R Jain – Appellant
Versus
Bank Of India – Respondent
| Table of Content |
|---|
| 1. filing of insolvency application under section 94 by personal guarantor. (Para 1 , 2 , 3 , 4) |
| 2. submissions regarding debt, default, and prior litigation conduct. (Para 5 , 6 , 7 , 8 , 9 , 10 , 11 , 12 , 13 , 14 , 15 , 16) |
| 3. applicability of interim moratorium despite sarfaesi proceedings. (Para 17 , 18) |
| 4. resolution professional report and assessment of debt existence. (Para 19 , 20 , 21 , 22 , 23 , 24 , 25 , 26 , 27) |
| 5. allegations of abuse of process regarding sarfaesi obstruction. (Para 28 , 29 , 30 , 31 , 32 , 33 , 34 , 35) |
| 6. distinguishing prior precedents based on the absence of inordinate delay. (Para 36 , 37 , 38 , 39 , 40 , 41 , 42 , 43 , 44) |
| 7. interpretation of ibc objectives relative to recovery proceedings. (Para 45 , 46 , 47) |
| 8. admission of section 94 petition and initiation of resolution process. (Para 48 , 49 , 50) |
1. The present Petition has been filed on 21.01.2026 by Smt. Madhubala R Jain (“Petitioner/Personal Guarantor”) under Section 94(1) 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 t
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