Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: October 5, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard four connected appeals (Comp. App. (AT) (Ins) No. 1062, 1063, 1064, and 1066 of 2026) along with their respective interim applications. The appeals were filed by personal guarantors to MAP Refoils India Limited against Central Bank of India. The appellants include Khushboo Mehulkumar Patel, Mehulkumar Arvindbhai Patel, and Arvindbhai Kacharabhai Patel, all identified as personal guarantors to the corporate debtor MAP Refoils India Limited.
Final Outcome
The tribunal adjourned the hearing of all appeals and interim applications due to lack of time. The matters have been listed for next hearing on November 6, 2026. No substantive proceedings or decisions were made on this date.
Topics: Insolvency, Personal Guarantors, Banking Dispute