Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 9th October, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench, comprising Member (Judicial) Shri Praveen Gupta and Member (Technical) Shri Ashish Verma, heard two connected applications (IA No.923/2025 and IA No.924/2025) in the main company petitions CP (IB) No.99/ALD/2025 and CP (IB) No.100/ALD/2025. The proceedings involve Canara Bank as the financial creditor versus Neelesh Tentiwala, who is the personal guarantor of M/s Tentiwala Metal Products Limited, under Section 95 of the Insolvency and Bankruptcy Code (IBC).
Notices were previously issued to the respondent personal guarantors on 16th January, 2026 to file responses or objections to the Resolution Professional's report filed under Section 99 of the Code. However, no response has been filed by the personal guarantors, and there was no representation made on their behalf during the hearing.
Final Outcome
The Bench granted a final opportunity of one week to the personal guarantors to file their response. The order explicitly states that failing to file a response within this timeframe will result in the right to file a reply being struck off. Additionally, if there is no representation on behalf of the personal guarantors on the next hearing date, the matter will be heard ex-parte. The case has been adjourned to 3rd November, 2026 at 12:30 PM for further hearing.
Topics: Insolvency Proceedings, Personal Guarantor, Banking Debt