NCLT Chandigarh admits petition under IBC Section 94 to initiate CIRP against personal guarantor Saurabh Singla.
Tribunal appoints Sunil Sethi as Resolution Professional to examine the application and submit a report.
RP directed to file report within 10 days; matter listed for next hearing on 01 June 2026.
Financial creditor is State Bank of India's Stressed Asset Management Branch, Ludhiana.