# In the matter of State Bank of India vs. Sri Kalvakuntla Sudhir Rao

> NCLT judgment dated 2025-11-11. Citation: TCN-2025-NCLT-01707. State Bank of India filed a petition under Section 95 of the IBC against Sri Kalvakuntla Sudhir…

- **Court:** NCLT
- **Order date:** 11 Nov 2025
- **Citation:** TCN-2025-NCLT-01707
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/state-bank-of-india-vs-sri-kalvakuntla-sudhir-rao-23ec4d1d

## Summary

### Background

State Bank of India filed a petition under Section 95 of the IBC against Sri Kalvakuntla Sudhir Rao, the personal guarantor of M/s Pioneer Gas Power Limited, seeking initiation of Personal Insolvency Resolution Process (PIRP).

## Facts

State Bank of India (SBI) filed a petition under Section 95 of the IBC against Sri Kalvakuntla Sudhir Rao, the personal guarantor of M/s Pioneer Gas Power Limited.

M/s Pioneer Gas Power Limited availed various credit facilities from SBI, including term loans and cash credit facilities.

The Corporate Debtor defaulted in repayment, leading to the account being classified as a Non-Performing Asset (NPA) on 28.06.2017.

SBI issued a recall notice on 11.08.2021 to the Corporate Debtor and the Personal Guarantor, demanding repayment.

The Personal Guarantor failed to discharge the outstanding amounts despite receiving the recall notice.

The Resolution Professional (RP) recommended the admission of the application.

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## Issues and analysis

### Issue 1: Whether the application under Section 95 of the IBC …

**Ratio:** The limitation period under Section 95 of the Code commences from the date of invocation

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**Reasoning:** The Financial Creditor invoked the personal guarantee through the Recall Notice dated

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**Interpretation:** The NCLT interpreted Section 95 of the IBC to mean that the limitation period

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**Application:** The NCLT applied this interpretation to the facts and found that the

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## Parties

- **Judges:** Rajeev Bh…; Sanjay…
- **Appellants:** State Bank of…
- **Respondents:** Pioneer Gas Power…; Kalvakuntla…
- **Other parties:** G. Madhusud…
- **Advocates:** Vazra L…; D. Gopala K…

## Timeline

- **2017-06-28 — NPA Decla…**: The Corporate Debtor's account was…
- **2019-01-23 — Acknowledgment…**: The Corporate Debtor executed a…

## 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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