The State Bank of India, as the Financial Creditor, filed a petition under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, to initiate an insolvency resolution process against Satish Dondiram Chavan, the Personal Guarantor. The petition was filed on February 17, 2022, alleging a default date of May 31, 2019. The total debt claimed by the Financial Creditor amounted to INR 52,44,47,851.86 as of April 1, 2019, with the guarantee invoked on August 13, 2019. The Corporate Debtor, M/s. Pratibha Krushi Prakriya Limited, had been sanctioned credit facilities, against which the

The State Bank of India, as the Financial Creditor, filed a petition under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, read with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, to initiate an insolvency resolution process against Satish Dondiram Chavan, the Personal Guarantor. The petition was filed on February 17, 2022, alleging a default date of May 31, 2019. The total debt claimed by the Financial Creditor amounted to INR 52,44,47,851.86 as of April 1, 2019, with the guarantee invoked on August 13, 2019. The Corporate Debtor, M/s. Pratibha Krushi Prakriya Limited, had been sanctioned credit facilities, against which the