NCLT Rejects Bank of Baroda's Personal Guarantor Insolvency Plea

NCLT Jaipur Bench rejects Bank of Baroda's Section 95 application against personal guarantor Amit Prakash Gupta for ₹192.92 crore debt.
Tribunal finds Financial Creditor failed to establish valid invocation of personal guarantee as required under Rule 3(1)(e) of IBC.
RP's recommendation for admission not accepted as SARFAESI notice was quashed and recovery certificate cannot substitute contractual invocation.
Application deemed not maintainable as no default can arise against guarantor without prior valid invocation of guarantee.