NCLT Amaravati Bench orders closure of Personal Insolvency Resolution Process (PIRP) against guarantor Smt. Vangara Lakshmi Rajyam.
Tribunal discharges Resolution Professional after State Bank of India rejected repayment plan with 100% voting share.
Financial Creditor granted liberty to initiate bankruptcy proceedings against personal guarantor under Sections 121 and 123 of IBC.