NCLT Adjourns Premier Vinyl Flooring Guarantor Insolvency Petitions

Authority: National Company Law Tribunal, Allahabad Bench, Prayagraj

Order Date: 12th June, 2026

Case Overview

The National Company Law Tribunal (NCLT) Allahabad Bench heard three connected insolvency petitions filed by Canara Bank Limited against personal guarantors of Premier Vinyl Flooring Limited. The petitions were filed under Section 94(1) of the Insolvency and Bankruptcy Code (IBC) and are currently in the Pre-Insolvency Resolution Process (PIRP) stage. The three petitions are:

• CP (IB) No.79/ALD/2025: Against Arun Kumar Goenka as personal guarantor
• CP (IB) No.80/ALD/2025: Against Ashok Goenka as personal guarantor
• CP (IB) No.81/ALD/2025: Against Vinay Kumar Goenka as personal guarantor

All petitions involve the same corporate debtor, Premier Vinyl Flooring Limited, and the same financial creditor, Canara Bank Limited.

Final Outcome

The Tribunal adjourned all three matters to 13th July, 2026. The adjournment was granted at the request of the Resolution Professional's counsel who sought additional time to file progress reports. The order directed that a photocopy be placed on record in all connected matters.

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