NCLAT upholds NCLT order admitting insolvency proceedings against Kudos Chemie's personal guarantors Gurmeet Sodhi and Jitendra Singh.
Tribunal rules SBI's 2016 SARFAESI notice validly invoked guarantees despite debt restructuring arguments.
Court finds application within limitation due to corporate debtor's balance sheet acknowledgments and DRT decree.
Rejects moratorium challenge, confirming proceedings against guarantors can continue during corporate debtor's CIRP.