NCLT Adjourns UG Fincon Insolvency Proceedings

Authority: National Company Law Tribunal (NCLT), Division Bench, Court - 1, Ahmedabad

Order Date: 13/07/2026

Case Overview

This order pertains to proceedings initiated under Section 95 of the Insolvency and Bankruptcy Code, 2016. The case involves UG Fincon Advisors I I P as the Applicant versus Mrs. Kanaklata ben Thakkar, the Personal Guarantor (PG) of Dharmadev Infrastructure Limited, as the Respondent. The matter was listed for arguments on July 13, 2026.

Final Outcome

The learned counsel for the Respondent/Personal Guarantor requested an adjournment due to a bereavement in the family of the Personal Guarantor. The bench, comprising Mr. Shammi Khan (Member Judicial) and Mr. Sanjeev Sharma (Member Technical), granted the request. The matter has been adjourned and is now relisted for arguments on July 21, 2026.

Topics: Insolvency Proceedings, NCLT, Personal Guarantor