Union Bank NCLAT Appeal on Personal Guarantee Blending

Union Bank of India appeals NCLAT order approving a ₹120 crore resolution plan that blended personal guarantor assets into the CIRP.
The core legal issue is the tenability of blending personal guarantees and collateral security without a formal valuation of these assets.
The appellants, holding 26.58% CoC voting share, argue the plan lacks a reference point for fair value despite an enhancement from ₹75 crores.
The appeal raises an arguable point on the need for valuation of personal assets before blending, with the matter listed for hearing on April 24, 2026.