Authority: National Company Law Tribunal Kolkata Bench (Court I)
Order Date: 16th June 2026
Case Overview
The National Company Law Tribunal (NCLT) Kolkata Bench, comprising Hon'ble Member (Judicial) Smt. Bidisha Banerjee and Hon'ble Member (Technical) Ms. Rekha Kantilal Shah, was hearing a petition filed by Indian Bank under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition is against Mr. Jagdish Prasad Agarwal in his capacity as the Personal Guarantor of S G Strips Ltd. The matter, registered as C.P. (IB)/109(KB)2024 with an Interlocutory Application IA(I.B.C)/570(KB)2026, could not be taken up for hearing on the scheduled date.
Final Outcome
Due to paucity of time, the bench could not hear the matter. The NCLT has adjourned the case and listed it for the next hearing on 4th August 2026 for consideration.
Topics: Insolvency, Personal Guarantee, Banking