Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 23 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard Company Appeal (AT) (Insolvency) No. 127 of 2026 filed by Anirudh Bhuwalka, who is the Personal Guarantor of AMW Autocomponent Ltd. The appeal is against IDBI Bank Ltd and another respondent. The matter involves insolvency proceedings where Bhuwalka is challenging actions related to his role as personal guarantor for the corporate debtor, AMW Autocomponent Ltd.
Final Outcome
The NCLAT bench, consisting of Officiating Chairperson Justice Yogesh Khanna and Members Barun Mitra and Ajai Das Mehrotra, adjourned the hearing due to time constraints. The appeal was listed for the next hearing on 30th November 2026. The existing interim order was directed to continue until the next date of hearing. The matter was heard in hybrid mode, with legal representation from Mr. Pranav Sarthi, Ms. Prachi Dhingra, and Ms. Sandali Gupta for the appellant, and Mr. Sanjay Arjun for the respondents.
Topics: Insolvency Appeal, Personal Guarantor, Banking Dispute