# In the matter of State Bank of India vs. Anil Dhirajlal Ambani

> NCLT judgment dated 2025-07-15. Citation: TCN-2025-NCLT-01158. This case involves an application (IA No. 1773 of 2024) filed by Mr. Anil Dhirajlal Ambani, the…

- **Court:** NCLT
- **Order date:** 15 Jul 2025
- **Citation:** TCN-2025-NCLT-01158
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/state-bank-of-india-vs-anil-dhirajlal-ambani-d64a999b

## Summary

### Background

This case involves an application (IA No. 1773 of 2024) filed by Mr. Anil Dhirajlal Ambani, the Applicant/Personal Guarantor, under Section 179 r/w Section 60(5) of the Insolvency and Bankruptcy Code (IBC), seeking to set aside a report filed by the Resolution Professional (RP), Mr. Jitender Kothari.

## Facts

Anil Dhirajlal Ambani executed a personal guarantee in favor of State Bank of India (SBI) to secure credit facilities extended to Reliance Communications Limited.

SBI classified the credit facility as a non-performing asset (NPA) retrospectively from August 26, 2016.

SBI invoked the guarantee and demanded payment of Rs. 1384,81,64,562/- from Anil Dhirajlal Ambani.

SBI filed an application (CP(IB) 916(MB) of 2020) to initiate the Insolvency Resolution Process against Anil Dhirajlal Ambani as a Personal Guarantor.

Jitender Kothari was appointed as the Resolution Professional (RP) and was directed to file a report under Section 99 of the IBC.

The RP sought extensive information from Anil Dhirajlal Ambani, including details of assets, income, and legal proceedings.

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## Issues and analysis

### Issue 1: Whether the Resolution Professional acted with bias and undue haste in seeking information and …

**Ratio:** The Hon'ble Supreme Court in Dilip Jiwarajka vs. Union of India held that the Resolution

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**Reasoning:** The Tribunal observed that the RP sought voluminous information and did not provide

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**Interpretation:** The Resolution Professional must act fairly and provide a reasonable

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**Application:** In this case, the Tribunal found that the RP acted with undue haste and sought

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## Parties

- **Judges:** Prabhat…; V.G. B…
- **Appellants:** Anil Dhirajlal…
- **Respondents:** Reliance Communica…; State Bank of…; +1 more
- **Other parties:** Prashant…
- **Advocates:** Prateek Se…; Kartik…; +2 more

## Timeline

- **2016-08-26 — NPA Classif…**: Credit facility classified as…
- **2019-01-31 — Demand N…**: SBI issues demand notice…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 60(5) — Adjudicating Authority for corporate persons](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-60)

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