Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Order Date: June 19, 2026
Case Overview
The National Company Law Tribunal (NCLT), Jaipur Bench, heard an application filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 (IBC). The application was filed by ASREC (India) Ltd., a financial creditor, against Jawahar Morani, who is a personal guarantor to the corporate debtor, Shreeyam Morani Rise Pvt. Ltd. The matter was listed as CP No. (B)-34/95(1)/JPR/2022. The bench comprised Hon'ble Ms. Reeta Kohli (Judicial Member) and Hon'ble Ms. Kavita Bhatnagar (Technical Member). During the hearing, the counsel for the Resolution Professional (RP) requested a short adjournment.
Final Outcome
The NCLT granted the request for an adjournment. The matter has been postponed and is now listed for the next hearing on July 10, 2026. No other substantive orders were passed on the merits of the case.
Topics: Insolvency, Personal Guarantor, NCLT