Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 03.07.2026
Case Overview
The order pertains to four connected appeals (Comp. App. (AT) (Ins) No. 1062, 1063, 1064, and 1066 of 2026) filed by personal guarantors to MAP Refoils India Limited against Central Bank of India. The appellants are Khushboo Mehulkumar Patel, Mehulkumar Arvindbhai Patel, and Arvindbhai Kacharabhai Patel. The respondent in all appeals is Central Bank of India. The matter was heard in hybrid mode with representation from both parties' legal counsel.
Final Outcome
The NCLAT granted the respondent (Central Bank of India) two weeks from July 3, 2026, to file their short reply/reply along with necessary documentation such as Power of Attorney/Vakalatnama. The appellant was given one additional week to file a rejoinder thereafter. The tribunal directed the appellant's counsel to provide a complete copy of the Memo of Appeal with all enclosures to the respondent's counsel via email on the same day. The appeals were listed for next hearing on July 24, 2026.
Topics: Insolvency Proceedings, Personal Guarantors, Banking Dispute