# In the matter of Abhinav Choudhari, CP (IB) No. 03/94/JPR/2022

> NCLT judgment dated 2022-05-24. Citation: TCN-2022-NCLT-04779. The case pertains to an application filed under Section 94 of the Insolvency and Bankruptcy…

- **Court:** NCLT
- **Order date:** 24 May 2022
- **Citation:** TCN-2022-NCLT-04779
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-jaipur/abhinav-choudhari-cp-ib-no-0394jpr2022-482d318f

## Summary

### Background

The case pertains to an application filed under Section 94 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019, by Mr. Abhinav Choudhari, the Applicant/Guarantor.

## Facts

Abhinav Choudhari, the applicant, is the personal guarantor for M/s Emgee Cables & Communications Pvt. Ltd.

The application is filed under Section 94(1) of the Insolvency and Bankruptcy Code, 2016.

The Corporate Debtor, M/s Emgee Cables & Communications Pvt. Ltd., is undergoing liquidation as per an order dated 18.09.2019.

The applicant defaulted on obligations pursuant to the personal guarantee.

The amount of default is Rs. 48,39,49,100/- with the date of default as 31.03.2018.

The Adjudicating Authority appointed Mr. Vishnu Upadhyay as the Resolution Professional.

An interim moratorium commenced from 04.01.2022, the date of filing of the application.

## Issues and analysis

### Issue 1: Whether the application under Section 94(1) of the Insolvency and Bankruptcy Code, 2016, is …

**Ratio:** The applicant has failed in fulfilling his obligations pursuant to the personal guarantee

…

**Reasoning:** The applicant is in default and eligible to file the application under Section 94(1) of

…

**Interpretation:** Section 94(1) allows a debtor in default to file an application for initiating

…

**Application:** The applicant's default makes

…

## Parties

- **Judges:** Deep Chandr…; RaghuNa…
- **Appellants:** Abhinav Cho…
- **Respondents:** M/s Emgee Cables…
- **Other parties:** Dena…; Edelwiess Retail…; +3 more
- **Advocates:** Amol…; Anubha…

## Timeline

- **2022-01-04 — Filing D…**: Date of filing of the instant Application,…
- **2022-05-24 — Order Pron…**: Order pronounced…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 94 — Application by debtor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-94)

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