SIDBI Withdraws Rs 42.5 Lakh Personal Guarantor Case

NCLT Ahmedabad allows withdrawal of personal insolvency petition against guarantor.
Withdrawal follows a one-time settlement of Rs 42.5 lakh against a Rs 1.71 crore claim.
Committee of Creditors approved the settlement and petition withdrawal on 20 January 2026.
Personal insolvency resolution process against Mr. Ruchit Bharat Surati stands closed.