NCLT Mumbai Bench dismisses Mrs. Shobhana Handa's personal insolvency petition under IBC Section 94 due to incomplete and mismatched documentation.
The petition sought insolvency resolution for her role as personal guarantor for Shobha Prompt Services Private Limited's Rs 10.27 crore debt.
Documents showed inconsistencies between guarantee agreements for Shobha Prompt Services and mortgage deeds for Solaris Developers Private Limited.
Tribunal dismissed the petition with liberty to file a fresh application, rendering intervenor petition infructuous.