M/S. SANVI SERVICES THROUGH ITS PROPRIETOR MR. NISHIKANT BABURAO ZUNJE, as the financial creditor, filed a company petition under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against Mr. Chaitanya Sheth, who is the personal guarantor of the corporate debtor. The petition sought to initiate the Insolvency Resolution Process against the personal guarantor. The financial creditor's counsel brought to the bench's attention a demand notice dated March 2, 2024 , which invoked the guarantee against the respondent. The counsel also presented proof of the demand notice and the deed of guarantee, which covered all facilities executed by the personal guarantor in favor of the applicant bank. Following a default by the corporate debtor, the petitioner invoked the

M/S. SANVI SERVICES THROUGH ITS PROPRIETOR MR. NISHIKANT BABURAO ZUNJE, as the financial creditor, filed a company petition under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against Mr. Chaitanya Sheth, who is the personal guarantor of the corporate debtor. The petition sought to initiate the Insolvency Resolution Process against the personal guarantor. The financial creditor's counsel brought to the bench's attention a demand notice dated March 2, 2024 , which invoked the guarantee against the respondent. The counsel also presented proof of the demand notice and the deed of guarantee, which covered all facilities executed by the personal guarantor in favor of the applicant bank. Following a default by the corporate debtor, the petitioner invoked the