Aditya Birla Capital filed application under Section 95 of IBC to initiate Personal Insolvency Resolution Process against guarantor Pradeep Tayal.
The application claims a default amount of ₹1,11,88,396.43 for which Tayal provided personal guarantee.
NCLT appointed Ajay Gulati as Resolution Professional to examine the application and submit report within 10 days.
Matter listed for next hearing on July 24, 2026 for consideration of the Resolution Professional's report.