The petitioner, an ex-director and guarantor of M/s Educomp Solution Limited (the Company), filed a petition seeking to quash Show Cause Notices (SCNs) issued by various respondent banks. These SCNs proposed to declare the Company's account as 'Fraud'. The Company had availed credit facilities from a consortium of banks, with State Bank of India (SBI) as the lead bank. The Company was admitted into Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC) by an order of the National Company Law Tribunal (NCLT) on May 30, 2017. Following the admission into CIRP, the Board of Directors was suspended, and a Resolution Professional (RP) took over the management and custody of all company documents under Section 17 of the IBC. The

The petitioner, an ex-director and guarantor of M/s Educomp Solution Limited (the Company), filed a petition seeking to quash Show Cause Notices (SCNs) issued by various respondent banks. These SCNs proposed to declare the Company's account as 'Fraud'. The Company had availed credit facilities from a consortium of banks, with State Bank of India (SBI) as the lead bank. The Company was admitted into Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC) by an order of the National Company Law Tribunal (NCLT) on May 30, 2017. Following the admission into CIRP, the Board of Directors was suspended, and a Resolution Professional (RP) took over the management and custody of all company documents under Section 17 of the IBC. The