Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 15/07/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard an application (IA/1084(AHM)2026) filed by Indian Bank in the matter of C.P.(IB)/50(AHM)2026. The application was filed under Regulation 8 of the Insolvency and Bankruptcy Board of India (Bankruptcy Process) Regulations, 2019 read with Rule 11 of the National Company Law Tribunal Rules, 2016. The matter concerns the bankruptcy process of Mr. Ashokkumar Gagjibhai Dharodiya, who is the personal guarantor (PG) to the corporate debtor M/s. Awin Ceramic LLP. The applicant bank sought to take on record the Preliminary Report as required under the bankruptcy process regulations for personal guarantors to corporate debtors.
Final Outcome
The NCLT bench comprising Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma allowed the application. The tribunal ordered that the Preliminary Report be taken on record with all just exceptions and be placed with the main case file for further reference. With this order, the interim application IA/1084(AHM)2026 stands allowed and disposed of.
Topics: Insolvency Proceedings, Banking Law, NCLT Matters