NCLT Jaipur disposes of Canara Bank's insolvency petition against personal guarantor Sachin Goyal for Shree Om Prime Foods Pvt. Ltd.
Resolution Professional reports guarantor failed to submit a repayment plan despite repeated requests and non-cooperation.
Court directs Canara Bank to bear resolution process costs and grants liberty to initiate bankruptcy proceedings against the guarantor.
Single claim of Rs. 9.04 crore was admitted from Canara Bank, with no other creditors submitting claims.