# Samunnati Agro Solutions Pvt Ltd vs. Shikha Tayal

> NCLT judgment dated 5 Dec 2025. Citation: TCN-2025-NCLT-01895. Samunnati Agro Solutions Pvt. Ltd. (Applicant/Financial Creditor) filed an Interlocutory…

- **Court:** NCLT
- **Order date:** 5 Dec 2025
- **Citation:** TCN-2025-NCLT-01895
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/samunnati-agro-solutions-pvt-ltd-vs-shikha-tayal-d7m5o

## Summary

### Background

Samunnati Agro Solutions Pvt. Ltd. (Applicant/Financial Creditor) filed an Interlocutory Application (IA No. 7 of 2025) seeking the dismissal of a company petition (CP(IB)/68(MP)2024) filed by Shikha Tayal (Respondent/Personal Guarantor) under Section 94 of the Insolvency and Bankruptcy Code, 2016 (IBC). Samunnati Agro had provided financial assistance to M/s Shri Bhagwati Agro Industries Pvt. Ltd., for which Shikha Tayal served as the personal guarantor. A default occurred, leading to recall notices issued on 09.10.2024 and 04.12.2024, invoking the personal guarantee for outstanding dues of Rs. 2,70,97,433/-. The Applicant argued that Shikha Tayal's Section 94 petition was not filed in good faith, but rather to secure the benefits of an interim moratorium under

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## Facts

Samunnati Agro Solutions Pvt. Ltd. (Applicant) extended financial assistance to M/s Shri Bhagwati Agro Industries Pvt. Ltd.

Shikha Tayal (Respondent) is a Personal Guarantor for the financial facility provided to M/s Shri Bhagwati Agro Industries Pvt. Ltd.

A recall notice was issued on 09.10.2024 due to default, followed by a subsequent notice on 04.12.2024 invoking the personal guarantee.

Outstanding dues of Rs.2,70,97,433/- remain unpaid by the Personal Guarantor.

Shikha Tayal filed a petition under Section 94 of the Insolvency and Bankruptcy Code, 2016 (IBC).

Samunnati Agro Solutions Pvt. Ltd. filed Interlocutory Application No. 7 of 2025 (IA No. 7 of 2025) seeking dismissal of Shikha Tayal's Section 94 petition.

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## Issues and analysis

### Issue 1: Whether a petition filed under Section 94 of the Insolvency and Bankruptcy Code, 2016 by a personal …

**Ratio:** The Adjudicating Authority for insolvency resolution and liquidation of corporate

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**Reasoning:** Section 60(1) confers primary jurisdiction to the NCLT over matters concerning personal

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**Interpretation:** Section 60(2) of the IBC is to be interpreted as a directive for forum

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**Application:** The NCLT dismissed the Applicant's jurisdictional objection, holding that the

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## Parties

- **Judges:** Brajendra Mani…; Member…; +2 more
- **Appellants:** Samunnati Agro…
- **Respondents:** M/s Shri Bhagwati…; Shikha…; +1 more
- **Other parties:** Insolvency and…; Personal Guarantor…; +5 more

## Timeline

- **2024-10-09 — Recall Notice…**: Samunnati Agro Solutions Pvt. Ltd. issued a recall notice due to default by the principal…
- **2024-12-04 — Personal Guarantee…**: A subsequent notice was issued, invoking…

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