Authority: National Company Law Tribunal (NCLT), Division Bench, Court - 1, Ahmedabad
Order Date: 15/06/2026
Case Overview
This is a proceeding under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was filed by the Interim Resolution Professional (IRP) against Mrs. Kanaklata ben Thakkar, the personal guarantor to the corporate debtor, Dharmadev Infrastructure Limited. The financial creditor in the case is UG Fincon Advisors LLP.
The personal guarantor filed a reply to the application through both electronic mode on 14/06/2026 and physical mode on 15/06/2026 (Inward Diary No. D-4775). The tribunal admitted this reply on record. The counsel representing the Applicant/IRP and the Financial Creditor stated that there was no need to file any rejoinder to the reply submitted by the personal guarantor. Consequently, the tribunal closed the right to file a rejoinder for the IRP and the financial creditor.
Final Outcome
The bench, comprising Member (Technical) Mr. Sanjeev Sharma and Member (Judicial) Mr. Shammi Khan, ordered that the case be listed next for arguments on 13/07/2026.
Topics: Insolvency, NCLT, Personal Guarantee