Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 16/06/2026
Case Overview
The matter involves an application filed by State Bank of India (Stress Asset Management Branch) as the Financial Creditor against Yogeshkumar Chimanlal Patel as the Respondent. The proceedings are initiated under Section 121(1) of the Insolvency and Bankruptcy Code, 2016. The case number is C.P.(IB)/127(AHM)2026, Item No.226. During the hearing, the applicant's counsel, Ms. Dharmishta Raval, requested more time to file an affidavit in support of a declaration regarding the assets of the Personal Guarantor.
Final Outcome
The bench, comprising Mr. Shammi Khan (Hon'ble Member-Judicial) and Mr. Sanjeev Sharma (Hon'ble Member-Technical), granted the applicant one week to file the required affidavit detailing the assets of the Personal Guarantor, whether owned currently or in the past. The matter has been adjourned and is scheduled for further consideration on 29 June 2026.
Topics: Insolvency Proceeding, Personal Guarantor, Banking Debt