# In the matter of State Bank of India Vs. Arpit Malvik Hathi, CP (IB)/234(AHM)/2022

> NCLT judgment dated 2022-08-29. Citation: TCN-2022-NCLT-01234. State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code…

- **Court:** NCLT
- **Order date:** 29 Aug 2022
- **Citation:** TCN-2022-NCLT-01234
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/state-bank-of-india-vs-arpit-malvik-hathi-cp-7c7e513c

## Summary

### Background

State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code (IBC) seeking the initiation of the Insolvency Resolution Process against the personal guarantor of the Corporate Debtor, Arpit Malvik Hathi. The court issued a notice regarding the application.

## Facts

State Bank of India (SBI) filed an application under Section 95 of the IBC to initiate the Insolvency Resolution Process against Arpit Malvik Hathi, who is the personal guarantor of a Corporate Debtor. The applicant requested the appointment of Mr. Sunil Kumar Kedia as the Resolution Professional (RP). Mr. Kedia is a registered Insolvency Professional and has declared that no disciplinary proceedings are pending against him. The application was filed on 18.04.2022. The court considered the application and the request for appointment of the RP.

## Issues and analysis

### Issue 1: Whether Mr. Sunil Kumar Kedia should be appointed as the Resolution Professional (RP) for the …

**Ratio:** The court has the power to appoint a Resolution Professional under Section 97 of the IBC

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**Reasoning:** The court considered the applicant's request and the fact that Mr. Sunil Kumar Kedia is a

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**Interpretation:** Section 97 of the IBC allows the court to appoint a qualified Resolution

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**Application:** The court applied the ratio to the facts by verifying Mr. Kedia's registration

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## Parties

- **Judges:** Dr.Deepti…; Ajai Das Me…
- **Appellants:** State Bank of…
- **Respondents:** Arpit Malvi…

## Timeline

- **2022-04-18 — Applicatio…**: Application filed by State Bank of…
- **2022-08-29 — Order Del…**: Order delivered appointing Mr. Sunil Kumar…

## 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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