Authority: National Company Law Tribunal, Court-V, Mumbai Bench
Order Date: 09.06.2026
Case Overview
The National Company Law Tribunal (NCLT), Mumbai Bench, comprising Member (Judicial) Ashish Kalia and Member (Technical) Charanjeet Singh Gulati, was hearing an insolvency petition filed by Bank of Maharashtra under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The petition was filed against Shri Prashant Shankarrao Mangidkar in his capacity as the personal guarantor for Tejas Agro Systems Private Limited. The matter was listed as C.P. (IB)/1325(MB)2025.
Final Outcome
Due to paucity of time, the bench could not take up the matter for hearing on 9th June 2026. The tribunal accordingly adjourned the proceedings and listed the matter for the next hearing on 28th August 2026.
Topics: Insolvency Proceeding, Personal Guarantor, Banking