NCLT Rejects Ankit Baldwa Personal Insolvency Petition

NCLT Jaipur Bench dismisses Ankit Baldwa's Section 94 insolvency petition after Resolution Professional's rejection recommendation.
RP found no evidence of Baldwa being a personal guarantor, with creditors confirming he was a co-borrower, not guarantor.
Total claimed default amount was ₹11.63 crore across multiple loan facilities from Ugro Capital, Axis Finance, and SMFG India Credit.
Interim moratorium under Section 96(1)(a) ceased effect from the order date, with Baldwa directed to pay outstanding RP fees.