This case involves a Company Petition filed by Solapur Janata Sahakari Bank Limited, the Financial Creditor, against Mr. Pandurang Dattu Jhinje, the Personal Guarantor. The petition was filed under Section 95 of the Insolvency & Bankruptcy Code, 2016 (IBC), read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to the Corporate Debtors) Rules, 2019. The Financial Creditor sought to initiate the Personal Insolvency Resolution Process (CIRP) against the Personal Guarantor due to a default related to M/S. Shetkari Sakhar Karkhana (Chandrapuri) Limited, for which Mr. Jhinje was a guarantor.

This case involves a Company Petition filed by Solapur Janata Sahakari Bank Limited, the Financial Creditor, against Mr. Pandurang Dattu Jhinje, the Personal Guarantor. The petition was filed under Section 95 of the Insolvency & Bankruptcy Code, 2016 (IBC), read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to the Corporate Debtors) Rules, 2019. The Financial Creditor sought to initiate the Personal Insolvency Resolution Process (CIRP) against the Personal Guarantor due to a default related to M/S. Shetkari Sakhar Karkhana (Chandrapuri) Limited, for which Mr. Jhinje was a guarantor.