Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 10th June, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard four interconnected insolvency applications filed by Canara Bank against personal guarantors of M/s Hides International Ltd. The cases were heard by a division bench consisting of Sh. Praveen Gupta (Member Judicial) and Sh. Ashish Verma (Member Technical).
The matters involved:
- Item No.108: IA No.613/2024 in CP (IB) No.115/ALD/2024 - Canara Bank vs Anshuman Kapur
- Item No.109: IA No.612/2024 in CP (IB) No.116/ALD/2024 - Canara Bank vs [Personal Guarantor - name not specified in this item]
- Item No.110: IA No.611/2024 in CP (IB) No.117/ALD/2024 - Canara Bank vs Rohit Kapur
- Item No.111: IA No.610/2024 in CP (IB) No.118/ALD/2024 - Canara Bank vs Dalip Kapur
All applications were filed under Section 95 of the Insolvency and Bankruptcy Code, 2016. Counsel appeared through physical/virtual hearing with Sh. Ankur Gupta representing Canara Bank (Financial Creditor), Sh. Sandeep Arora representing Personal Guarantors in all items except item no.110, and no representation for the Personal Guarantor in item no.110. Sh. Niraj Chamyal with Sh. Aishwarya Prasad and Sh. Anirudh Singh represented the Resolution Professional.
Final Outcome
The Tribunal adjourned all four matters to 21st July, 2026. For items 108, 109, and 111, the adjournment was granted based on the request of the counsel representing the Personal Guarantors who stated he was in personal difficulty to address arguments. For item no.110, the matter was adjourned due to absence of representation on behalf of the Personal Guarantor. The photocopy of the order was directed to be placed on record in all connected matters.
Topics: Insolvency Proceedings, Personal Guarantors, Banking Litigation