Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 06/07/2026
Case Overview
The National Company Law Tribunal (NCLT) Ahmedabad heard proceedings under Section 121(1) of the Insolvency and Bankruptcy Code (IBC) in matter C.P.(IB)/138(AHM)2026. The application was filed by State Bank of India (Financial Creditor) against Mrs. Nipaben Pareshbhai Patel (Personal Guarantor/Respondent). The Financial Creditor filed an affidavit of service on July 6, 2026 (vide Inward No. 5543), disclosing that notice upon the Personal Guarantor was served through registered post on June 25, 2026 and through electronic mode on July 4, 2026. The affidavit did not specify any date of service by hand. The prescribed period of seven days for filing a reply had expired as service through registered post was effected on June 25, 2026. No reply or objection was filed by the Personal Guarantor; only a Vakalatnama on behalf of the Personal Guarantor was filed on July 6, 2026.
Final Outcome
The Tribunal granted the Personal Guarantor a final opportunity to file a reply within a further period of seven days, subject to payment of costs of ₹10,000 (Rupees Ten Thousand only) to the Prime Minister National Relief Fund within this period. The Financial Creditor was permitted to file a rejoinder, if any, within seven days after receipt of the reply. The matter was listed for further consideration on July 24, 2026. The order was delivered by the bench comprising Mr. Shammi Khan (Hon'ble Member Judicial) and Mr. Sanjeev Sharma (Hon'ble Member Technical).
Topics: Insolvency Proceedings, Personal Guarantor