Authority: National Company Law Tribunal, New Delhi Court-IV
Order Date: June 10, 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Court-IV, heard Interim Application No. IA/1494/ND/2025 in the main matter IB/471/ND/2024. The application was filed by IDBI Trusteeship Services Ltd against Ashok Kumar Gupta, who is a personal guarantor, under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The hearing was conducted in hybrid mode (both physical and video conference).
Final Outcome
The bench, comprising Member (Judicial) Shri Mahendra Khandelwal and Member (Technical) Shri Atul Chaturvedi, adjourned the case to July 20, 2026, citing "paucity of time" as the reason. No substantive hearing or decision on the merits of the application occurred during this session.
Topics: Insolvency Proceedings, NCLT Hearing, Personal Guarantor