IN THE NATIONAL COMPANY LAW TRIBUNAL DIVISION BENCH, COURT - 1, AHMEDABAD

Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad

Order Date: 16 June 2026

Coram: Mr. Shammi Khan, Hon'ble Member (Judicial) and Mr. Sanjeev Sharma, Hon'ble Member (Technical)

Case Overview

This matter involves insolvency proceedings under Section 94 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application C.P.(IB)/357(AHM)2025 was filed by Hirenkumar Sureshbhai Patel (Applicant) against State Bank of India & Ors (Respondents). The proceedings concern Hirenkumar Sureshbhai Patel in his capacity as a Personal Guarantor.

Representation at the hearing included:

  • For the Applicant/RP: Mr. Atul Sharma, Advocate
  • For the Respondent: Mr. Sumit Parikh, Advocate for Respondent-7 (L&T Finance Ltd) and Mr. Sudhir M. Mehta, Advocate for Respondents-14 to 17
  • For the Personal Guarantor: Mr. Mohit Gupta, Advocate
  • For the Financial Creditor/State Bank of India: Mr. Saurabh Rachchh, Advocate

The tribunal noted that pleadings in the matter are complete. On the previous hearing date, the Learned Counsel for the Personal Guarantor had requested an adjournment, which was granted. During the current hearing on 16 June 2026, the Learned Counsel for the Personal Guarantor again sought an adjournment and requested one more opportunity.

Final Outcome

The National Company Law Tribunal allowed the adjournment request and relisted the matter for arguments on 07 July 2026. The order was signed by both members of the bench: Mr. Sanjeev Sharma (Member Technical) and Mr. Shammi Khan (Member Judicial).

Topics: Insolvency Proceedings, Personal Guarantor, Banking Debt