# In the matter of State Bank of India Vs. A R Mohammed Salaieh, CP (IB)/342(CHE)/2021

> NCLT judgment dated 2022-06-20. Citation: TCN-2022-NCLT-02143. The case pertains to an application filed under Section 95 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 20 Jun 2022
- **Citation:** TCN-2022-NCLT-02143
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/state-bank-of-india-vs-a-r-mohammed-salaieh-cp-3521e020

## Summary

### Background

The case pertains to an application filed under Section 95 of the Insolvency and Bankruptcy Code, 2016, and Rule 7(2) of the Insolvency and Bankruptcy Rules, 2019, by State Bank of India against Mr. A.R. Mohammed Salaieh, the personal guarantor to the Corporate Debtor, Select Galva India Private Limited. An application to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor is pending before the Adjudicating Authority. The date of default is stated as 22.11.2017. A demand notice was issued to the Personal Guarantor on 29.08.2020.

## Facts

State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, against Mr. A.R. Mohammed Salaieh, who is the personal guarantor for Select Galva India Private Limited. The application seeks to initiate an insolvency resolution process for the personal guarantor. The Corporate Debtor, Select Galva India Private Limited, has a pending CIRP application. The date of default is 2017-11-22. A demand notice was issued to the Personal Guarantor on 2020-08-29. The application is filed before the NCLT Chennai. The applicant is State Bank of India, the financial creditor. The respondent is Mr. A.R. Mohammed Salaieh, the personal guarantor. The court appointed an Interim Resolution Professional (IRP).

## Issues and analysis

### Issue 1: Whether the application filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 is …

**Ratio:** The NCLAT in State Bank of India Vs. Mahendra Kumar Jajodia held that an application

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**Reasoning:** The court relied on the decisions of the NCLAT in State Bank of India Vs. Mahendra Kumar

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**Interpretation:** Section 95 of the IBC allows a financial creditor to file an application for

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**Application:** The court applied the ratio of the NCLAT decisions to the facts of the case and

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## Parties

- **Judges:** (Retd.) S.…; Anil Ku…
- **Appellants:** State Bank of…
- **Respondents:** SELECT Galva…; Mr.A.R.Mohammed…

## Timeline

- **2017-11-22 — Date of D…**: The date of default as…
- **2020-08-29 — Demand N…**: Demand Notice issued under Rule 7(1) of the Insolvency and Bankruptcy Rules, 2019 to the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 95 — Application by creditor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-95)

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