NCLT Admits ICICI Bank's Personal Guarantor Insolvency Petition

NCLT Hyderabad admits ICICI Bank's petition under IBC Section 95 against personal guarantor Pankaj Choadhry for default on ₹8.86 crore debt.
Corporate Debtor CJ Enterprises defaulted on working capital facilities, account classified as NPA on 27.07.2025 with outstanding ₹8.86 crore as of 01.11.2025.
Resolution Professional CA Kambhammettu Sri Vamsi appointed with 180-day moratorium declared on guarantor's assets and legal proceedings.
Guarantor executed irrevocable deeds for ₹8.5 crore facilities, invoked after SARFAESI notices and Form B demand were refused delivery.