Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 10th July, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench, presided over by Shri Praveen Gupta, Hon'ble Member (Judicial), heard seven interconnected insolvency applications (IA Nos. 66 to 72 of 2025) filed by Indian Bank (erstwhile Allahabad Bank). The applications were filed under Section 95(1) of the Insolvency and Bankruptcy Code (IBC) against six personal guarantors of Chinttpurni Engineering Works Pvt. Ltd. The specific cases involved:
- IA No.66/2025 against Smt. Raman Agarwal
- IA No.67/2025 against Rajeev Agarwal
- IA No.68/2025 against Rahul Agarwal
- IA No.69/2025 against Anupama Agarwal
- IA No.70/2025 against Raghav Garg
- IA No.71/2025 against Rama Kant Tripathi
- IA No.72/2025 against Rakesh Agarwal
All applications originated from respective Company Petition numbers CP(IB) 71 to 77/ALD/2024. Counsel representing both parties jointly requested an adjournment for hearing before the Regular Bench, noting that this matter had been heard on previous occasions.
Final Outcome
The NCLT granted the joint request for adjournment. All seven matters were adjourned to 31st July, 2026, and directed to come up higher on the Board. The photocopy of this order was directed to be placed on record in all connected matters. The proceedings remain pending without any substantive decision on the insolvency applications against the personal guarantors.
Topics: Insolvency Proceedings, Banking Litigation, Personal Guarantors