The case pertains to an application filed by DBS Bank India Limited 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 insolvency resolution process against Mr. Sukanraj Babutmal Shah, the personal guarantor of the corporate debtor, SKS Textiles Private Limited. The financial creditor claims a default of INR 28,79,39,439.56 as of 31.10.2021, with further interest. The corporate debtor had availed various loan facilities from the applicant, and the personal guarantor had provided a guarantee for these facilities. The account of the corporate debtor was classified

The case pertains to an application filed by DBS Bank India Limited 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 insolvency resolution process against Mr. Sukanraj Babutmal Shah, the personal guarantor of the corporate debtor, SKS Textiles Private Limited. The financial creditor claims a default of INR 28,79,39,439.56 as of 31.10.2021, with further interest. The corporate debtor had availed various loan facilities from the applicant, and the personal guarantor had provided a guarantee for these facilities. The account of the corporate debtor was classified