Authority: National Company Law Tribunal, Kolkata Bench
Order Date: 29th June 2026
Case Overview
This is an order from the National Company Law Tribunal (NCLT) Kolkata Bench in matter C.P. (IB)/57(KB)2022. The proceeding involves State Bank of India (SBI) as the financial creditor and Sri Chandra Prakash Mehra as the personal guarantor. The case was filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, relating to a default by a corporate debtor for which Mr. Mehra provided a personal guarantee. The hearing was presided over by a special bench consisting of Member (Judicial) Shri Cheekati Radha Krishna and Member (Technical) Ms. Rekha Kantilal Shah. Counsel Mr. Rishav Banerjee appeared for the petitioner (SBI), while Mr. Rahul Singh and Mr. Sailendra Kumar Tiwari appeared for the Resolution Professional, Mr. U.N Mitra.
Final Outcome
The Tribunal adjourned the hearing and rescheduled it for July 20, 2026. This adjournment was made to align this proceeding with a connected case, CP No. 55 of 2022, which is against another personal guarantor arising from the same corporate debtor's default and is also listed for hearing on that date.
Topics: Insolvency Proceeding, Personal Guarantor, Banking