Authority: National Company Law Tribunal, Jaipur Bench
Order Date: June 19, 2026
Case Overview
The National Company Law Tribunal (NCLT), Jaipur Bench, heard Interim Application No. 257/JPR/2026 in Company Petition No. (IB)-33/94/JPR/2026 filed under Section 94 of the Insolvency and Bankruptcy Code, 2016. The application was filed by Mr. Vishal Bansal as the Applicant/Creditor against State Bank of India & Others, who are personal guarantors to the corporate debtor M/s Sneh Polymers Pvt. Ltd. The matter was heard through web-based video conferencing platform before Hon'ble Ms. Reeta Kohli (Judicial Member) and Hon'ble Ms. Kavita Bhatnaagar (Technical Member). The applicant was represented by CS Azeem Tariq Khan.
Final Outcome
The Tribunal adjourned the matter to July 3, 2026. The Registry and the Applicant were directed to serve notices to all Respondents and submit service reports along with copies sent to Respondents, postal receipts, and tracking/acknowledgment documents before the next hearing date. Upon proper service, the Respondents are directed to file their reply to the application before the next date of hearing, with an advance copy served to the opposite counsel.
Topics: Insolvency Proceedings, Personal Guarantor, Banking