City Union Bank Insolvency Petition Against Personal Guarantor

City Union Bank filed an insolvency petition (CP(IBC)/343(CHE)/2025) against personal guarantor M Ponnuthai.
The personal guarantor's counsel sought an adjournment, alleging the bank forged documents and filed a police complaint.
The bank's counsel countered that a DRT decree exists in its favor and the complaint is frivolous.
The NCLT Chennai bench adjourned the hearing to June 8, 2026, allowing time for reply and rejoinder filings.