Authority: National Company Law Tribunal, New Delhi Court-IV (Single Bench)
Order Date: 20 July 2026
Case Overview
The National Company Law Tribunal, New Delhi Court-IV heard an application (IA/1494/ND/2025) filed under Section 95(1) of the Insolvency & Bankruptcy Code, 2016. The application was filed by IDBI Trusteeship Services Ltd. against respondent Ashok Kumar Gupta, who is identified as a guarantor. The matter was heard through hybrid mode (physical and video conference). Legal representatives for both parties were present: Adv. Abhishek Anand and Adv. Sakshi Kapoor appeared for the respondent, while Adv. Abhirup Dasgupta, Adv. Rahul Gupta, Adv. Vagisha Tiwari, and Adv. Rahul Dadhich appeared for the resolution professional.
Final Outcome
The Hon'ble Member (Judicial) Shri Mahendra Khandelwal adjourned the matter and listed it for the next hearing on 20 August 2026 before the Division Bench. No substantive decision on the merits of the insolvency application was made in this order.
Topics: Insolvency Proceedings, Guarantor Liability, NCLT Adjournment