Personal Guarantor’s Plea for Lending Documents Dismissed – NCLAT Finds Inspection Sufficient

Rajesh Jain Vs Bank of Baroda (NCLAT Delhi) The National Company Law Appellate Tribunal (NCLAT), Delhi, in the case of Rajesh Jain Vs Bank of Baroda, dismissed two appeals filed by personal guarantors challenging an order from the Mumbai bench of the National Company Law Tribunal (NCLT). The appeals arose from proceedings initiated by the Bank of Baroda under Section 95 of the Insolvency and Bankruptcy Code, 2016, against the personal guarantors. The guarantors had sought to direct the bank, the financial creditor, to provide certain lending documents to verify the amount repaid. The NCLT had ...