The State Bank of India, as the Financial Creditor, filed an application under Section 95 of the IBC to initiate CIRP against Pritesh Jayantilal Karia, the personal guarantor of the Corporate Debtor. The Respondent argued that the application was barred by limitation and not filed through the resolution professional (RP). The Applicant presented an order from the NCLAT, Ravi Ajit Kulkarni Vs. State Bank of India dated 2021-08-12, stating that all such pleadings could be taken up at the time of admission of the Corporate Debtor into CIRP. The court then addressed the commencement of the interim moratorium and the process for nominating the IRP.

The State Bank of India, as the Financial Creditor, filed an application under Section 95 of the IBC to initiate CIRP against Pritesh Jayantilal Karia, the personal guarantor of the Corporate Debtor. The Respondent argued that the application was barred by limitation and not filed through the resolution professional (RP). The Applicant presented an order from the NCLAT, Ravi Ajit Kulkarni Vs. State Bank of India dated 2021-08-12, stating that all such pleadings could be taken up at the time of admission of the Corporate Debtor into CIRP. The court then addressed the commencement of the interim moratorium and the process for nominating the IRP.