NCLT Directs Service of Insolvency Petition Against ACRE

NCLT Chennai hears petition under IBC Section 94(1) filed by Sanjeev Malhotra against Assets Care & Reconstruction Enterprise Ltd.
IRP submits report recommending initiation of insolvency proceedings against the personal guarantor but filing is defective.
Tribunal directs petitioner and IRP to serve petition and report on creditors for reply, listing next hearing for 01.06.2026.