The National Company Law Tribunal (NCLT), Mumbai Bench-I has admitted a petition filed by the State Bank of India (SBI) under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC) seeking initiation of the Insolvency Resolution Process against Anil Dhirajlal Ambani as a personal guarantor to credit facilities extended to Reliance Communications Limited (RCOM) and Reliance Infratel Limited (RITL), holding that the personal guarantee executed by him remains fully enforceable and has not been discharged by the…

