UCO Bank Files Rs 141.15 Crore Personal Guarantor Insolvency Petition

UCO Bank filed an insolvency petition under Section 95 of IBC against personal guarantor Manas Barooah for Rs 141.15 crore debt.
NCLT Guwahati Bench appointed Amit Pareek as Resolution Professional with remuneration of Rs 50,000 payable by applicant.
The RP is directed to file assignment declaration within 7 days and submit report under Section 99 within stipulated time.
Matter listed for next hearing on 20 May 2026 for perusal of RP's report and further considerations.