Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 03 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) was hearing two connected appeals:
- Comp. App. (AT) (Ins) No. 828 of 2026 & I.A. No. 3204 of 2026
- Comp. App. (AT) (Ins) No. 1070 of 2026
The appeals were filed by Kairav Anil Trivedi in his capacity as the Resolution Professional (RP) of Jitendra Kikavat, who is the Personal Guarantor to the Corporate Debtor Mahavir Roads and Infrastructure Pvt Ltd. The appeals were directed against Bank of Baroda and Other Respondents. In the first appeal (No. 828 of 2026), Mr. Karan Thackeray, Advocate, appeared on behalf of Respondents 1, 2, and 3. No appearances were marked for the Appellant in either appeal, and no appearances were marked for any party in the second appeal (No. 1070 of 2026).
Final Outcome
The NCLAT bench comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical) passed a procedural order stating "No time left" and adjourned both appeals to 10 August 2026. The order was passed in hybrid mode. No substantive hearing or decision on the merits of the case occurred during this proceeding.
Topics: Insolvency Proceedings, Personal Guarantor, NCLAT