NCLT Admits Indian Bank's Insolvency Petition Against Vaishali Jain

NCLT Allahabad admits Indian Bank's petition under Section 95 IBC to initiate Personal Insolvency Resolution Process against Mrs. Vaishali Jain as personal guarantor.
The tribunal finds a valid debt of ₹8.38 crore and default, ruling the application is within limitation period.
Moratorium declared for 180 days and Resolution Professional appointed to manage the process and prepare repayment plan.