# Mr. Yogendra Gangaram Mungale vs. N/A

> NCLT judgment dated 2026-10-16. Citation: TCN-2026-NCLT-01257. Mr. Yogendra Gangaram Mungale, a personal guarantor for M/s Arogyam Medihub Private Limited,…

- **Court:** NCLT
- **Order date:** 16 Oct 2026
- **Citation:** TCN-2026-NCLT-01257
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/yogendra-gangaram-mungale-lll1q

## Summary

### Background

Mr. Yogendra Gangaram Mungale, a personal guarantor for M/s Arogyam Medihub Private Limited, M/s Fresh Grind Foods, and M/S AV Plus Pharma Private Limited, filed a petition under Section 94 of the IBC, 2016, seeking initiation of insolvency resolution process against himself. This was prompted by the default of the corporate debtors on credit facilities from Vaishya Sahakari Bank Limited and Union Bank of India, leading to the invocation of his personal guarantees and his inability to discharge these co-extensive liabilities.

## Facts

The Company Petition, C.P. (IB) 841 of 2026, was filed on 06.08.2026 by Mr. Yogendra Gangaram Mungale under section 94(1) of the Insolvency and Bankruptcy Code, 2016.

Mr. Yogendra Gangaram Mungale is a Personal Guarantor to M/s Arogyam Medihub Private Limited.

Mr. Yogendra Gangaram Mungale is a director and personal guarantor for M/s Arogyam Medihub Private Limited in respect of credit facilities from Vaishya Sahakari Bank Limited (Financial Creditor).

The amount of default for M/s Arogyam Medihub Private Limited is Rs. 1,65,64,402/- with a date of default of 18.07.2025.

M/s Arogyam Medihub Private Limited was incorporated on 04.03.2021 under the Companies Act, 2013.

…

## Issues and analysis

### Issue 1: Whether the application filed by Mr. Yogendra Gangaram Mungale under Section 94 of the Insolvency …

**Ratio:** The application fulfills the requirements of the IBC, 2016, and the rules framed

…

**Reasoning:** The Petitioner, a personal guarantor, is unable to discharge his guarantee liabilities

…

**Interpretation:** Section 94 of the IBC allows a personal guarantor to initiate an insolvency

…

**Application:** Mr. Mungale's application, supported by evidence of default and inability to

…

## Parties

- **Judges:** SH. PRABHAT…; SH. SUSHIL…
- **Appellants:** Yogendra Gangaram…
- **Respondents:** M/s Arogyam…; M/s Fresh Grind…; +1 more
- **Other parties:** Vaishya Sahakari…; Union Bank of…; +1 more
- **Advocates:** Karan S…; Krish…

## Timeline

- **2021-03-04 — Corporate Debtor…**: M/s Arogyam Medihub Private Limited was…
- **2024-03-16 — Loan Sanc…**: A mortgage loan facility of Rs. 1.70 crore was sanctioned by Vaishya Sahakari Bank…

## 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)

---

This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclt-mumbai/yogendra-gangaram-mungale-lll1q