Case Details

Case Name: Small Industries Development Bank of India v/s Maya Pandey (Personal Guarantor of M/s Bhartiya Micro Credit)

Court/Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj

Case Number: IA No.320/2026 IN CP (IB) No.51/ALD/2023

Date of Order: 22nd May, 2026

Under Section: 95 of the Insolvency and Bankruptcy Code (IBC) in a Personal Insolvency Resolution Process (PIRP)

Parties Involved

Petitioner/Applicant: Resolution Professional (RP) represented by Ms. Pinki, Advocate

Respondent: Maya Pandey (Personal Guarantor of M/s Bhartiya Micro Credit)

Financial Creditor: Small Industries Development Bank of India

Corporate Debtor: M/s Bhartiya Micro Credit

Tribunal Members: Sh. Praveen Gupta (Hon'ble Member - Judicial) and Sh. Ashish Verma (Hon'ble Member - Technical)

Issues / Allegations / Violations

The document is a procedural order related to an ongoing Personal Insolvency Resolution Process (PIRP) against Maya Pandey, who is the personal guarantor for M/s Bhartiya Micro Credit. The specific allegations or violations that initiated the PIRP are not detailed in this particular order.

Findings & Observations

The tribunal noted that the application was filed by the Resolution Professional for placing on record the 7th Progress Report in the continuing PIRP against the Personal Guarantor. The counsel for the RP referred to page 44 of the application which mentioned an order dated 30.06.2025 passed by the National Company Law Appellate Tribunal (NCLAT) restraining further proceedings in the PIRP. The counsel further submitted that the matter has been finally heard by NCLAT and the order was reserved.

Penalties / Settlements / Directions

No new penalties or settlements were addressed in this order. The tribunal directed that the 7th Progress Report be taken on record, subject to just exceptions.

Final Ruling & Enforcement

The tribunal disposed of IA No.320/2026 after accepting the 7th Progress Report on record. The matter was adjourned and listed for further hearing on 12th June 2026, when other applications in the case are already listed for hearing.

The order was signed by both tribunal members: Ashish Verma (Member - Technical) and Praveen Gupta (Member - Judicial).