NCLT Chandigarh disposes of India Bank's application seeking to record personal guarantor Mohan Lal Gupta's consent for insolvency.
Application requested preponement of main insolvency petition CP(IB) No. 38/Chd/HP/2024 from 21.04.2026.
Tribunal declined preponement due to heavy board schedule and proximity of listed date.
Application filed under Section 60(5) of IBC 2016 for Section 95 insolvency process initiation.