NCLT Ahmedabad disposes of SIDBI's insolvency application under Section 95 IBC against personal guarantor Arjun Sitapara.
The case became infructuous as the principal borrower paid ₹6.51 crore under DRT orders and committed to settling the remainder.
Tribunal directs SIDBI to pay the resolution professional's fees as per IBBI guidelines within seven days.
Order notes parallel DRT proceedings resulted in debt repayment, making insolvency proceedings against the guarantor unnecessary.