NCLT Closes Personal Insolvency Against T.Samba Siva Rao

NCLT Amaravati Bench orders closure of Personal Insolvency Resolution Process against guarantor T Sambasiva Rao.
The Resolution Plan was rejected by sole Financial Creditor State Bank of India with 100% voting share.
Tribunal discharges Resolution Professional and grants liberty to initiate bankruptcy proceedings against guarantor.
Separate application for 15-day PIRP extension from 23.02.2026 to 10.03.2026 was also approved.