2. In the matter of Monica Jajoo v. PHL Fininvest Private Limited (Company Appeal (AT) (Ins) No. 1344 & 1345 of 2022), the appellant, who was a personal guarantor to a corporate debtor named Hema Engineering Industries Limited (HEIL), had challenged an order of Bench IV of the National Company Law Tribunal (NCLT), New Delhi admitting an application of personal insolvency against the appellant, inter alia on the ground that since liquidation proceedings against HEIL were pending before Bench III of the NCLT, the Bench IV of NCLT New Delhi lacked jurisdiction on account of provisions contained in sub-section (2) and (3) of Section 60 of the Code. In other words, the contention of the appellant was that a Section 95 application should have …
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