Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 16-06-2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench heard an insolvency petition filed by IFCI Limited under Section 95 of the Insolvency and Bankruptcy Code, 2016. The petition was filed against Sri. Piyush Agarwal, who is identified as a personal guarantor. The hearing was conducted in hybrid mode (both virtual and physical attendance) before a two-member bench comprising Sh. Rajeev Bhardwaj (Hon'ble Member - Judicial) and Sh. Sanjay Puri (Hon'ble Member - Technical).
Final Outcome
The matter was adjourned to 04-08-2026 at the request of the learned counsel representing the respondent (personal guarantor). No substantive hearing on the merits of the case occurred during this session. The petition remains pending before the tribunal for future consideration.
Topics: Insolvency Proceedings, Personal Guarantor, NCLT