Authority: National Company Law Tribunal, Court-V, Mumbai Bench
Order Date: 09.06.2026
Case Overview
The National Company Law Tribunal (NCLT) Mumbai Bench heard an application filed by Cosmos Co-operative Bank Ltd under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The petition was filed against respondent Kanchan Harikishin Chhabria, who appears to be a personal guarantor. The case was registered as C.P. (IB)/1415(MB)2020 with interim applications IA/4231/2023 and IA/1870/2026.
Final Outcome
The tribunal adjourned the matter to 14.07.2026 due to paucity of time as the case did not reach the board on the scheduled date. The adjournment was granted on the request of the counsel for the petitioner bank.
Topics: Insolvency Proceedings, Co-operative Bank, NCLT Adjournment