Case of Asha Basantilal Surana vs State Bank of India, NCLAT Delhi Judgement Dated 15th May 2025. The appellant authority held that where Notice under Section 13(2) of SARFAESI Act, makes a demand as per the Guarantee Agreement between the parties, the Notice has to be treated as notice for invocation of Personal Guarantee. Thus, order rejecting application for initiation of personal insolvency against personal guarantor not sustainable.