NCLT Admits Insolvency Against Shirish Kadu

NCLT Mumbai admits Janaseva Sahakari Bank's petition to initiate insolvency against personal guarantor Shirish Kadu for Rs 30.62 crore debt.
The petition follows CIRP against corporate debtor RK Patil Infraprojects and invocation of personal guarantees executed in 2020.
Tribunal finds debt and default established through guarantee documents, SARFAESI notices, and Resolution Professional's admission recommendation.
Moratorium declared for 180 days; Resolution Professional appointed to manage process with Rs 75,000 initial fee deposit required.