NCLT Mumbai admits insolvency petition against Asha Shivaji Sanap, personal guarantor for Sanap Agroanimals, over Rs 8.15 crore debt to Punjab & Sind Bank.
Tribunal initiates 180-day moratorium, staying all legal proceedings against the guarantor and appointing Udaykumar Bhat as resolution professional.
Financial creditor Punjab & Sind Bank's intervention application is dismissed, with the tribunal finding no mala fide intent in the petition filing.