NCLT Hyderabad admits ICICI Bank's petition under IBC Section 95 against personal guarantor Srivasta Janaswamy for default on ₹8.86 crore debt.
Corporate debtor CJ Enterprises defaulted on working capital facilities after account turned NPA on 27 July 2025, with outstanding of ₹8.86 crore as of 1 November 2025.
Resolution Professional CA Kambhammettu Sri Vamsi appointed to manage 180-day moratorium period and prepare repayment plan for creditors.
Tribunal confirmed valid debt existence, proper notice service, and found application within limitation period under IBC provisions.