NCLT Hyderabad dismissed Canara Bank's petition to initiate insolvency against personal guarantor A.L. Dayanand for Rs 495 crore debt.
Tribunal found no clear linkage between 2005 guarantee and debt claimed from new account created in 2013.
Bank failed to provide documentary evidence showing guarantee extended to subsequent debt transactions.
Case involved disputed debt with allegations of limitation bar and inflated claims by respondent.