Authority: National Company Law Tribunal, Division Bench (Court-I) Chennai
Order Date: 06 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard an insolvency petition filed by MM Boutique Pvt Ltd against personal guarantor Ganesha S under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The petition bears number CP(IBC)/109(CHE)/2026. During the hearing held via video conference, Mr. Vedhavel appeared as learned counsel for the petitioner company. The personal guarantor respondent was not represented in the proceedings. The petitioner's arguing counsel was reported to be unwell, leading to a request for adjournment.
Final Outcome
The bench comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical) adjourned the matter to 17 July 2026 for next hearing. The tribunal explicitly clarified that the personal guarantor (Ganesha S) will not be entitled to any benefit of moratorium until the next hearing date.
Topics: Insolvency Proceedings, Personal Guarantor, Moratorium