Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: July 14, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard three connected appeals filed by Canara Bank against personal guarantors of Integrated Caps Pvt. Ltd. The appeals are numbered Comp. App. (AT) (Ins) No. 651 of 2026, 652 of 2026, and 654 of 2026.
In Appeal No. 651 of 2026, Canara Bank is the appellant against respondent Surya Kant Jaipuria, who is identified as a personal guarantor to Integrated Caps Pvt. Ltd. The appellant was represented by advocates Abhishek Naik, Gulafsha Kureshi, and Ms. Harshita Chaturvedi. The respondent was represented by advocates Mr. Awnish Kumar and Ms. Pooja Sahu.
In Appeal No. 652 of 2026, Canara Bank is the appellant against respondent Biren Sabhrawal, also identified as a personal guarantor to Integrated Caps Pvt. Ltd. The appellant was represented by the same legal team, while no representation was noted for the respondent.
In Appeal No. 654 of 2026, Canara Bank is the appellant against respondent Bubbles Sabhrawal, identified as a personal guarantor to Integrated Caps Pvt. Ltd. The appellant was represented by the same legal team, and no representation was noted for the respondent.
The order was issued in hybrid mode by a bench consisting of Justice Yogesh Khanna (Officiating Chairperson) and Barun Mitra (Member - Technical).
Final Outcome
The NCLAT adjourned all three appeals and listed them for the next hearing on August 17, 2026. No substantive decisions were made in this order, which served only to schedule the next hearing date.
Topics: Insolvency Proceedings, Personal Guarantors, Banking Litigation