State Bank of India initiated proceedings against Ritu Saluja, the personal guarantor, under Section 95 of the Insolvency and Bankruptcy Code, 2016. Mr. Mohit Chawla has been appointed as the Resolution Professional, with his credentials verified by the registry and no adverse remarks found on the IBBI website. The respondent, Ritu Saluja, through her counsel, intends to object to the maintainability of the petition, arguing that the debt has already been settled in the CIRP process. The court has issued a limited notice to the respondent and granted two weeks to file the objection.

State Bank of India initiated proceedings against Ritu Saluja, the personal guarantor, under Section 95 of the Insolvency and Bankruptcy Code, 2016. Mr. Mohit Chawla has been appointed as the Resolution Professional, with his credentials verified by the registry and no adverse remarks found on the IBBI website. The respondent, Ritu Saluja, through her counsel, intends to object to the maintainability of the petition, arguing that the debt has already been settled in the CIRP process. The court has issued a limited notice to the respondent and granted two weeks to file the objection.