NCLAT dismisses appeals by personal guarantor Ashwani Kumar Oberoi against NCLT orders rejecting his applications.
Appellant filed IBC Section 94 application after SBI auctioned his mortgaged property for ₹29 crore corporate debt recovery.
Tribunal rules filing was abuse of process to stall concluded auction, upholding bank's right to complete SARFAESI action.
Court cites borrower's history of delayed litigation and dismisses attempt to use IBC moratorium to unsettle confirmed sale.