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

> NCLT judgment dated 2022-05-24. Citation: TCN-2022-NCLT-04781. 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-04781
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-jaipur/abhinav-choudhari-cp-ib-no-0394jpr2022-b7691fee

## 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 filed an application under Section 94 of the IBC as a personal guarantor to M/s Emgee Cables & Communications Pvt. Ltd.

A loan was advanced to the Corporate Debtor by Dena Bank, Edelwiess Retail Finance Ltd. & Small Industries Development Bank of India (SIDBI).

The applicant received a notice dated 28.05.2018 under section 13(2) of the SARFAESI Act, 2002, issued by Dena Bank, seeking invocation of the personal guarantee.

Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor vide order dated 27.07.2018.

The Committee of Creditors (CoC) unanimously passed a resolution to liquidate the Corporate Debtor.

…

## Issues and analysis

### Issue 1: Whether the application filed by the personal guarantor under Section 94 of the Insolvency and …

**Ratio:** Section 94(1) of the

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

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**Interpretation:** The Adjudicating Authority interpreted Section 94(1) to allow the application

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**Application:** The Adjudicating Authority

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## Parties

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

## Timeline

- **2018-05-28 — Notice under SARFAESI…**: Applicant received a notice under…
- **2018-07-27 — CIRP Init…**: CIRP initiated against…

## 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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