NCLT Rejects Sharad Gupta Personal Insolvency Petition

NCLT Jaipur Bench dismisses Mr. Sharad Gupta's petition for personal insolvency resolution under Section 94 of IBC.
Resolution Professional's report recommended rejection due to lack of conclusive evidence proving Gupta's status as a personal guarantor.
Tribunal finds the total default amount of Rs. 74.01 lakhs falls short of the Rs. 1 crore threshold required for initiation.
Interim moratorium under Section 96(1)(a) commenced on 27.05.2025 is lifted with immediate effect.