Amandeep Singh Bhatia appeals an NCLT order under IBC section 100 concerning his personal guarantee for Bhatia Coke and Energy.
Appellant claims the principal debt of Rs 125.89 crore was discharged as lenders recovered Rs 139.44 crore during CIRP.
He argues he never offered a personal guarantee for corporate guarantees provided by Bhatia Coke to its group companies.
NCLAT Chennai finds a prima facie case, issues notice to SBI, and grants a stay on the impugned order until next hearing.