Authority: National Company Law Tribunal (NCLT), Ahmedabad Bench - Court 2
Order Date: July 7, 2026
Case Overview
The matter involves an application filed by HDFC Bank Limited under Section 95 of the Insolvency and Bankruptcy Code (IBC) against Mr. Sandip Narendrakumar Patel in his capacity as Personal Guarantor to M/s. Yours Ethnic Foods Private Limited. The specific applications being heard were IA/78(AHM)2026 and IA/293(AHM)2026 in IA/1535(AHM)2025 in C.P. (IB)/217(AHM)2024. During the hearing, counsel for the Respondent/Resolution Professional (Mr. Tarak Damani and Mr. Kuldeep K Adesra) appeared and submitted that the present applications had become infructuous. The Resolution Professional, Mr. Rajendra Raunak, was also present. Notably, no representative or counsel appeared for the Applicant (HDFC Bank Limited).
Final Outcome
The bench, comprising Member (Judicial) Mrs. Chitra Hankare and Member (Technical) Dr. Velamur G Venkata Chalapathy, adjourned the matter due to the absence of the applicant's counsel. The applications were noted to have become infructuous. The matter has been listed for further consideration on July 21, 2026, to be heard along with connected matters.
Topics: Insolvency Proceedings, Personal Guarantee, Banking Law