# In the matter of State Bank of India Vs. Tadisetti Venkata Rao, CP (IB) No. 67/95/AMR/2022

> NCLT judgment dated 2022-11-14. Citation: TCN-2022-NCLT-00463. The document pertains to a case before the National Company Law Tribunal (NCLT), Amaravati…

- **Court:** NCLT
- **Order date:** 14 Nov 2022
- **Citation:** TCN-2022-NCLT-00463
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/state-bank-of-india-vs-tadisetti-venkata-rao-cp-9bc46e0b

## Summary

### Background

The document pertains to a case before the National Company Law Tribunal (NCLT), Amaravati Bench, regarding a corporate insolvency resolution process. The hearing was held on November 14, 2022. The case involves State Bank of India as the financial creditor and Sri Tadisetti Venkata Rao & Ethnic Tobacco (India) Limited.

## Facts

The State Bank of India filed CP(IB) No.67/95/AMR/2022 against Sri Tadisetti Venkata Rao & Ethnic Tobacco (India) Limited under Section 95 of the IBC. CP(IB) No.34/95/AMR/2022 is admitted against the same Personal Guarantor. The Petitioner/Financial Creditor is granted liberty to file its claim before the IRP who is appointed in CP(IB) No.34/95/AMR/2022. The case was heard on November 14, 2022.

## Issues and analysis

### Issue 1: Whether CP(IB) No.34/95/AMR/2022 should be …

**Ratio:** The admission of a corporate insolvency petition against a personal guarantor is

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**Reasoning:** The court admitted CP(IB) No.34/95/AMR/2022 against the same Personal Guarantor based on

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**Interpretation:** This implies that the court found sufficient grounds to believe that the

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**Application:** The ratio is applied to the specific facts of the case, leading to the

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## Parties

- **Judges:** TELAPROLU…
- **Appellants:** State Bank of…
- **Respondents:** Ethnic Tobacco…; Tadisetti Venkata…

## Timeline

- **2022-11-14 — Hearing…**: The hearing was held on…

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