Case Details
Case Name: Sandeep Kumar (Personal Guarantor of M/S Ossify Industries Pvt. Ltd.) V/S ICICI Bank Limited & Ors.
Court/Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj
Case Number: IVN. P. No.06/ALD/2026 IN CP (IB) No.29/ALD/2026
Date of Order: 20th May, 2026
Under Section: 94(1) of the Insolvency and Bankruptcy Code (IBC)
Parties Involved
Petitioner/Applicant: Sandeep Kumar (Personal Guarantor of M/S Ossify Industries Pvt. Ltd.)
Respondents:
- Respondent No. 1: ICICI Bank Limited
- Respondent No. 2: Kotak Mahindra Bank (referred to as 'Kotak Mahindra' in attendance sheet)
Legal Counsel Present:
- For Applicant: Sh. Sahil Yadav, Advocate
- For Respondent No. 1 (ICICI Bank): Kumar Chumbak, Advocate
- For Respondent No. 2 (Kotak Mahindra Bank): Ms. Radhika with Sh. Janender, Advocates
Tribunal Members:
- Shri Praveen Gupta, Hon'ble Member (Judicial)
- Shri Ashish Verma, Hon'ble Member (Technical)
Order Proceedings
The hearing took place on 20th May, 2026. Learned counsel representing Respondent No. 2 (Kotak Mahindra Bank) stated that a report on behalf of the respondent has been filed and is currently under scrutiny by the tribunal.
Final Ruling & Enforcement
The matter has been adjourned for next hearing on 8th July, 2026. No substantive findings, penalties, or directions were issued in this order as it was purely procedural for scheduling the next hearing date.
The order was signed by both tribunal members: Ashish Verma (Member Technical) and Praveen Gupta (Member Judicial).