Authority: National Company Law Tribunal, Kolkata Bench (Court I)
Order Date: 16th June 2026
Case Overview
The National Company Law Tribunal (NCLT) Kolkata Bench, comprising Hon'ble Member (Judicial) Smt. Bidisha Banerjee and Hon'ble Member (Technical) Ms. Rekha Kantilal Shah, heard matter CP (IB)/394(KB)2021 IA(I.B.C)/148(KB)2026. The petition was filed by State Bank of India (Financial Creditor) under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against Satya Prakash Pandey (Personal Guarantor). The matter could not be taken up for substantive hearing due to paucity of time during the hearing on June 16, 2026.
Final Outcome
The Tribunal adjourned the matter and listed it for next consideration on August 4, 2026. No substantive orders were passed regarding the insolvency proceedings against the personal guarantor during this hearing.
Topics: Insolvency Proceedings, Personal Guarantor, Banking Litigation