Petition filed under IBC Section 95 seeking insolvency resolution against Swapna Gawkar for default on ₹1.58 crore personal guarantee.
Appointed Resolution Professional recommended rejection due to creditor's failure to provide supporting documents.
Parties reached an out-of-court settlement during proceedings, with petitioner receiving ₹10 lakhs.
NCLT dismissed the petition as withdrawn based on the settlement and RP's recommendation.