Authority: National Company Law Tribunal Guwahati Bench
Order Date: 30th June 2026
Case Overview
The National Company Law Tribunal (NCLT) Guwahati Bench, comprising Hon'ble Member (Judicial) Shri Rammurti Kushawaha and Hon'ble Member (Technical) Shri Yogendra Kumar Singh, heard proceedings under Section 95 of the Insolvency and Bankruptcy Code, 2016. The case involves Indian Bank (erstwhile Allahabad Bank) as the financial creditor petitioner versus Mr. Saurabh Poddar as the personal guarantor (PG) to the corporate debtor M/s Balajee Exports Limited (CD).
Representation included Mr. Mukesh Sharma appearing for the financial creditor (Indian Bank), Mr. Arinjoy Sandilya representing the respondent/personal guarantor (Mr. Saurabh Poddar), and Ms. Anshika Khaitan (PCA) appearing on behalf of Resolution Professional Mr. Sandeep Khaitan.
The key development presented to the tribunal was that Mr. Saurabh Poddar has filed an affidavit admitting his signatures on the relevant documents, including the Deed of Guarantee. Additionally, two Interlocutory Applications (IAs) have been filed in the matter but are yet to be listed for hearing. The affidavit filed by the personal guarantor is currently under scrutiny by the tribunal.
Final Outcome
The NCLT Guwahati Bench adjourned the matter and listed it for further consideration on 22nd July 2026. This adjournment allows for the pending Interlocutory Applications to be processed and for the tribunal to complete its scrutiny of the personal guarantor's affidavit admitting signature authenticity.
Topics: Insolvency Proceedings, Personal Guarantee, Banking Debt