# In the matter of Central Bank of India Vs. Shailesh Bhanwarlal Bhandari, CP IB /190 (AHM)/2021

> NCLT judgment dated 2022-05-13. Citation: TCN-2022-NCLT-04812. An application was filed under Section 95 of the IBC, 2016, seeking CIRP of the Personal…

- **Court:** NCLT
- **Order date:** 13 May 2022
- **Citation:** TCN-2022-NCLT-04812
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-ahmedabad/central-bank-of-india-vs-shailesh-bhanwarlal-bhandari-cp-ib-190-b4459285

## Summary

### Background

An application was filed under Section 95 of the IBC, 2016, seeking CIRP of the Personal Guarantor. The issue of maintainability is pending before the Hon'ble Supreme Court.

## Facts

Application filed under Section 95 of IBC, 2016 seeking CIRP of the Personal Guarantor.

The issue of maintainability is pending before the Hon'ble Supreme Court.

The Personal Guarantor challenged the maintainability of the application.

The Hon'ble Supreme Court dismissed the appeal and upheld the order passed by Hon'ble NCLAT on 06.05.2022.

Resolution Professional Mr. Premraj Ramratan Laddha is appointed.

The matter is listed for further consideration on 30.06.2022.

## Issues and analysis

### Issue 1: Whether the application under Section 95 of IBC, 2016 for CIRP of the Personal Guarantor is …

**Ratio:** The Hon'ble Supreme Court dismissed the appeal and upheld the order passed by Hon'ble

…

**Reasoning:** The Personal Guarantor had challenged the maintainability of the application, but the

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**Interpretation:** The dismissal of the appeal by the Supreme Court removes the impediment to the

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**Application:** The CIRP process can now proceed with the appointment of a Resolution

…

## Parties

- **Judges:** DEEPTI M…; Ajai Das Me…
- **Appellants:** Central Bank of…
- **Respondents:** Shailesh Bhanwarla…
- **Other parties:** Premraj Ramratan…
- **Advocates:** Manish…; Jay Kan…; +1 more

## Timeline

- **2022-05-06 — Supreme Court…**: The Hon'ble Supreme Court dismissed the appeal and upheld the order passed by Hon'ble…
- **2022-05-13 — Order Del…**: Order delivered on 13/05/2022 regarding…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 95 — Application by creditor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-95)

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