NCLT Ahmedabad orders SBI to explain why insolvency proceedings were initiated against only 4 of 8 personal guarantors.
The tribunal noted a SARFAESI demand notice listed 8 mortgagors but Section 95 IBC proceedings targeted only four individuals.
The case involves corporate debt recovery secured by personal guarantees and mortgaged immovable properties.
Matter relisted for further consideration on July 10, 2026, requiring SBI's compliance explanation.