NCLT Mumbai Bench admits petition CP(IB) No. 136/MB/2026 filed by Vinodbhai Beladiya under Section 94 of IBC as personal guarantor to Sutariya Gems.
Default amount is Rs24 crore to Bank of Baroda as of 03.04.2024, with NPA classification on 02.04.2024 and guarantee invoked.
Insolvency resolution process initiated with 180-day moratorium; RP Dipti Mundra appointed to publish notice and invite claims.