Petitioner Nikita Nilesh Shah filed for personal insolvency resolution under IBC Section 94 as guarantor for Sai Indo Metal Resources.
The default amount totals ₹13.84 crore to Union Bank of India, with her personal guarantee covering ₹1.97 crore.
NCLT Mumbai admitted the petition, declared 180-day moratorium, and appointed Anil Kashi Drolia as Resolution Professional.
Petitioner must deposit ₹75,000 towards RP fees and expenses within one week of the order date.