NCLT Allahabad initiates bankruptcy against personal guarantor Amresh Kumar Singh for SBI debt of ₹10.38 crore.
The order follows a failed insolvency resolution process where the sole creditor rejected the guarantor's repayment plan.
Resolution Professional Deepak Mittal is appointed bankruptcy trustee to administer the debtor's estate.
The trustee must issue public notices, invite creditor claims, and submit a preliminary report within 90 days.