Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 17 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) is hearing three connected appeals filed by Canara Bank. The appeals challenge proceedings against personal guarantors to Integrated Caps Pvt. Ltd. The three appeals are:
- Company Appeal (AT) (Insolvency) No. 651 of 2026: Against Surya Kant Kaipuria as personal guarantor
- Company Appeal (AT) (Insolvency) No. 652 of 2026: Against Biren Sabhrawal as personal guarantor
- Company Appeal (AT) (Insolvency) No. 654 of 2026: Against Bubbles Sabhrawal as personal guarantor
Canara Bank is represented by advocates Mr. Abhishek Naik, Mr. G. Kureshi, and Ms. Harhita Chaturvedi in all three appeals. The respondents are represented by Mr. Pallav Saxena, Advocate in Appeals No. 652 and 654.
The bench hearing the matter consists of Justice Yogesh Khanna (Officiating Chairperson), Mr. Barun Mitra (Member - Technical), and Mr. Ajai Das Mehrotra (Member - Technical).
Final Outcome
The NCLAT has listed all three connected appeals for the next hearing on September 30, 2026. No substantive orders were passed beyond scheduling the next hearing date.
Topics: Insolvency Proceedings, Personal Guarantor Liability, Banking Litigation