# In the matter of State Bank of India Vs. Abhishek Vijayraj Mehta, CP (IB)/953(MB)/2022

> NCLT judgment dated 2023-01-25. Citation: TCN-2023-NCLT-04914. The State Bank of India filed a company petition under Section 95(1) of the IBC, 2016, against…

- **Court:** NCLT
- **Order date:** 25 Jan 2023
- **Citation:** TCN-2023-NCLT-04914
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/state-bank-of-india-vs-abhishek-vijayraj-mehta-cp-acefc4cb

## Summary

### Background

The State Bank of India filed a company petition under Section 95(1) of the IBC, 2016, against Abhishek Vijayraj Mehta, a personal guarantor, to initiate the Insolvency Resolution Process.

## Facts

The State Bank of India filed a Company Petition under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 (IBC) against Abhishek Vijayraj Mehta. The petition sought the initiation of the Insolvency Resolution Process against Mr. Mehta, who is identified as a personal guarantor. The application was filed through an Insolvency Professional, Mr. Vasudev Ganesh Nayak Udupi.

## Parties

- **Judges:** ANURADHA SANJAY…; Kuldip Kumar…
- **Appellants:** State Bank of…
- **Respondents:** Abhishek Vijayraj…

## Timeline

- **January 25, 2023 — Petition filed and IRP…**: State Bank of India filed a Company Petition under Section 95(1) of IBC, 2016. The NCLT…
- **January 25, 2023 — IRP directed to file…**: The Interim Resolution Professional was directed to examine the petition and file his…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 95(1) — Application by creditor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-95)

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