Mr. K.C.M. Gowda (Petitioner) filed an application under Section 94(1) of the Insolvency and Bankruptcy Code, 2016 (IBC) before the National Company Law Tribunal (NCLT), Bengaluru, claiming to be a personal guarantor for credit facilities extended by Aditya Birla Capital Limited to Ace Embedded Intensive Care Units Private Limited. The NCLT dismissed the application, holding that the Petitioner lacked the requisite locus standi. Aggrieved by this order, the Petitioner filed a writ petition before the High Court of Karnataka challenging its legality and correctness.
Mr. K.C.M. Gowda (Petitioner) filed an application under Section 94(1) of the Insolvency and Bankruptcy Code, 2016 before the NCLT, Bengaluru.
The Petitioner claimed to have furnished a personal guarantee for credit facilities extended by Aditya Birla Capital Limited to Ace Embedded Intensive Care Units Private Limited.
The alleged personal guarantee was invoked by a notice dated 20.05.2025 issued by Aditya Birla Capital Limited under Section 13(2) of the SARFAESI Act, 2002.
The NCLT, Bengaluru, dismissed the Petitioner's application by an order dated 30.03.2026 (uploaded on 21.05.2026), holding that the Petitioner lacked locus standi.
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Mr. K.C.M. Gowda (Petitioner) filed an application under Section 94(1) of the Insolvency and Bankruptcy Code, 2016 (IBC) before the National Company Law Tribunal (NCLT), Bengaluru, claiming to be a personal guarantor for credit facilities extended by Aditya Birla Capital Limited to Ace Embedded Intensive Care Units Private Limited. The NCLT dismissed the application, holding that the Petitioner lacked the requisite locus standi. Aggrieved by this order, the Petitioner filed a writ petition before the High Court of Karnataka challenging its legality and correctness.
Mr. K.C.M. Gowda (Petitioner) filed an application under Section 94(1) of the Insolvency and Bankruptcy Code, 2016 before the NCLT, Bengaluru.
The Petitioner claimed to have furnished a personal guarantee for credit facilities extended by Aditya Birla Capital Limited to Ace Embedded Intensive Care Units Private Limited.
The alleged personal guarantee was invoked by a notice dated 20.05.2025 issued by Aditya Birla Capital Limited under Section 13(2) of the SARFAESI Act, 2002.
The NCLT, Bengaluru, dismissed the Petitioner's application by an order dated 30.03.2026 (uploaded on 21.05.2026), holding that the Petitioner lacked locus standi.
…Date of the Facility…
Notice issued by M/s. Aditya Birla Capital…