The Indore Bench of the National Company Law Tribunal (NCLT) has held that the related-party nature of an underlying transaction does not affect the validity of an independently executed personal... Bandi was a director of Greater Kailash Hospitals Private Limited and had personally guaranteed the hospital's debt.The dispute originated from an agreement executed in December 2017 under which the applicant creditor, Sukhkarta Medicose, was permitted to operate a pharmacy within the hospital.