NCLAT upholds NCLT order admitting Bank of Maharashtra's insolvency petition against personal guarantor Mrs. Arvinder Kaur.
Tribunal rejects guarantor's limitation plea, citing binding part-payment of ₹5.52 crore debt made on 3 February 2021.
Court finds application under Section 95 IBC filed on 28 September 2023 was within limitation period.
Appeal dismissed as guarantor failed to file reply before Adjudicating Authority despite multiple opportunities.