NCLT Adjourns Indian Bank vs Saurabh Poddar Hearing

Case Name: Indian Bank (Erstwhile Allahabad Bank) vs Saurabh Poddar (PG) to M/s Balajee Exports Limited (CD)
Court/Authority: National Company Law Tribunal (NCLT) Guwahati Bench
Case Numbers: IA(IBC)/20/GB/2025 and CP(IB)/1/GB/2025
Hearing Date: 19th May 2026
Legal Framework: Under Section 95 of Insolvency and Bankruptcy Code, 2016

Petitioners:

Respondents:

Mr. Saurabh Poddar (Personal Guarantor) represented by Mr. A. Sandelya, Advocate
Corporate Debtor: M/s Balajee Exports Limited

Other Appearances:

Resolution Professional: Mr. Sandeep Khaitan represented by Ms. Anshika Khaitan, Company Secretary

The matter involves an insolvency petition filed by Indian Bank against personal guarantor Saurabh Poddar under Section 95 of IBC, 2016
The case relates to guarantees provided for corporate debtor M/s Balajee Exports Limited

Mr. Saurabh Poddar appeared before the Tribunal through virtual mode and submitted that due to medical issues, he is unable to travel for one month
The personal guarantor committed to appear before the Court on 30.06.2026 to identify his signatures
Learned counsel for the personal guarantor submitted that a writ petition is pending before the Hon'ble High Court of Gauhati, though no stay order has been granted
Counsel for the personal guarantor indicated intention to file an affidavit in response to the notice dated 29.04.2026

The matter has been adjourned and listed for further consideration on 30th June 2026
The next hearing will address signature identification by the personal guarantor and consideration of the affidavit response