NCLAT Adjourns MAP Refoils Guarantors vs Central Bank Appeals

Authority: National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi

Order Date: 28 September 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) was hearing four interconnected appeals (Comp. App. (AT) (Ins) No. 1062, 1063, 1064, and 1066 of 2026) along with their respective Interlocutory Applications. The appellants in these matters are Khushboo Mehulkumar Patel, Mehulkumar Arvindbhai Patel, Arvindbhai Kacharabhai Patel, and Mehulkumar Arvindhbhai Patel, all identified as Personal Guarantors to MAP Refoils India Limited. The sole respondent in all appeals is Central Bank of India, the financial creditor. The nature of the proceedings involves insolvency matters concerning the personal guarantors of the corporate debtor, MAP Refoils India Limited.

Final Outcome

The bench, comprising Justice Mohammad Faiz Alam Khan (Member - Judicial) and Naresh Salecha (Member - Technical), passed a procedural order. Due to a lack of time to hear the matters on the scheduled date, the Tribunal adjourned the hearing. All four appeals and their connected applications were listed for the next hearing on 5 October 2026. The order was passed in hybrid mode.

Topics: Insolvency, Personal Guarantee, Banking Dispute