NCLT Adjourns MM Boutique Insolvency Petition Hearing

Authority: National Company Law Tribunal Division Bench (Court–I) Chennai

Order Date: 06.07.2026

Case Overview

The petition CP(IBC)/111(CHE)/2026 was filed by MM Boutique Pvt Ltd against Prakash Sampatrao Chorghe, who is the personal guarantor, under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The hearing was held on 06.07.2026 through video conference before Hon'ble Shri. Sanjiv Jain, Member (Judicial) and Hon'ble Shri Venkataraman Subramaniam, Member (Technical). Mr. Vedhavel, Learned Counsel for the Petitioner, was present, but there was no representation for the Personal Guarantor. The arguing counsel for the Petitioner was stated to be unwell, leading to the adjournment of the hearing.

Final Outcome

The petition is listed for hearing on 17.07.2026. The Personal Guarantor, Prakash Sampatrao Chorghe, is not entitled to any benefit of moratorium until the next hearing date.

Topics: Insolvency, Legal Proceedings