NCLT Mumbai admits State Bank of India's petition to initiate insolvency against personal guarantor Gokul Agarwal for ₹153.34 crore debt.
The tribunal rejected the guarantor's limitation defense, citing valid debt acknowledgments and COVID-19 period exclusions.
Mr. Ajit Kumar appointed as Resolution Professional with moratorium declared for 180 days on guarantor's assets.
The debt relates to guarantees provided for corporate debtor A. A. Estates Private Limited's defaulted loans.