Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 15 June 2026
Case Overview
The application has been filed by MM Boutique Pvt Ltd (Applicant/Creditor) under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC). It seeks initiation of an Insolvency Resolution Process against the Respondent, Sandhya Pankaj Fifadra, who is a Personal Guarantor to a Corporate Debtor. The application was filed on 29 May 2026, in accordance with Rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtor) Rules, 2019.
The matter was heard by a bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical). During the proceedings, the counsel for the applicant, Mr. Shourya Kackar (appearing online), sought time to file the Vakalatnama (a document authorizing the advocate to act) and the written consent of the Resolution Professional.
Final Outcome
The Tribunal granted the request for time. The matter has been adjourned and is now listed for the next hearing on 29 June 2026. No further orders were passed.
Topics: Insolvency, Personal Guarantee