NCLT admits insolvency petition against personal guarantor Shiv Karan Singh Bagga for ₹21.87 crore debt.
Debt stems from guarantees for Comex Infratech's loans from Dena Bank (now Bank of Baroda), classified NPA in 2014.
Resolution Professional Sudhir Kumar Agarwal appointed to manage process and prepare repayment plan.
Fresh 180-day moratorium declared under Section 101, prohibiting asset transfers and legal proceedings.