NCLT Admits Janaseva Bank's Insolvency Petition Against Balaram Patil

NCLT Mumbai admits petition under IBC Section 95 against personal guarantor Balaram Patil for default on ₹30.62 crore debt.
Petition filed by Janaseva Sahakari Bank relates to guarantees provided for RK Patil Infraprojects, already in CIRP since November 2024.
Tribunal finds valid debt acknowledgment, guarantee invocation via SARFAESI notice, and compliance with IBC procedural requirements.
Resolution Professional Rajesh Shah appointed to manage 180-day moratorium and insolvency resolution process for the personal guarantor.