Santosh Kumar Jaiswal filed for personal insolvency resolution under IBC Section 94 for a ₹224.44 crore debt as a guarantor.
The debt stems from guarantees for loans to Brahmaputra Galvochem and Brahmaputra TMT Bars, both now dissolved.
NCLT Guwahati appointed Purshotam Gaggar as Resolution Professional to file a report under Section 99.
The RP's remuneration is set at ₹50,000, payable by the applicant, with the next hearing on 09 June 2026.