Authority: National Company Law Tribunal, Allahabad Bench, Prayagraj
Order Date: 9th October, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard two connected insolvency petitions filed by Central Bank of India under Section 95(1) of the Insolvency and Bankruptcy Code (IBC). The petitions are against personal guarantors of M/S Lavanaya Agro Edible Private Limited, which is currently undergoing a corporate insolvency resolution process (CIRP).
- CP (IB) No.83/ALD/2025 is against Ruby Chaudhary as personal guarantor
- CP (IB) No.84/ALD/2025 is against Vinit Kumar as personal guarantor
Both cases involve the same corporate debtor, M/S Lavanaya Agro Edible Private Limited. During the hearing, counsel representing the resolution professional requested a short accommodation to file the progress/status report in the matter.
Final Outcome
The NCLT bench comprising Shri Praveen Gupta (Member Judicial) and Shri Ashish Verma (Member Technical) adjourned both matters to 20th November, 2026 for further hearing. The court ordered that a photocopy of this order be placed on record in all connected matters.
Topics: Insolvency Proceedings, Personal Guarantors, Banking Litigation