UCO Bank Initiates Insolvency Against Personal Guarantor

UCO Bank filed an application under Section 99(1) of the IBC against personal guarantor Kartik Babulal Jain.
The NCLT Ahmedabad issued notice to the guarantor and corporate debtor Surat Super Yarn Park Limited.
The parties are directed to file replies within two weeks, with the matter listed for 19 June 2026.
The application seeks orders in furtherance of an approved resolution plan for the corporate debtor.