The Supreme Court has dismissed Arvind Dham's appeal against the initiation of personal insolvency proceedings, upholding the National Company Law Tribunal's decision. The proceedings were initiated by the State Bank of India due to Dham's default on debts totaling Rs 177.89 crore. Dham had argued that SBI's petition violated the interim moratorium under Section 96 of the Insolvency and Bankruptcy Code, but the court ruled against his appeal, affirming the legality of the insolvency process initiated against him.
