Authority: National Company Law Tribunal, Kolkata Bench (Court-II)
Order Date: 30th June 2026
Case Overview
The National Company Law Tribunal (NCLT), Kolkata Bench heard matters related to C.P. (IB)/108(KB)2024 and connected interlocutory applications IA(I.B.C)/2328(KB)2024 and IA(I.B.C)/1128(KB)2024. The petition was filed by Indian Bank (Financial Creditor) under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against Ramendra Nath Mondal in his capacity as personal guarantor of M/S S.G. Strips Ltd.
The Special Bench comprising Hon'ble Member (Judicial) Shri Cheekati Radha Krishna and Hon'ble Member (Technical) Ms. Rekha Kantilal Shah presided over the hearing. Counsel for the Financial Creditor (Indian Bank) included Mr. Santosh Kr. Ray, Ms. Ashmita Lohia, and Ms. Varsha Khowala. The Resolution Professional was represented by Mr. Riyanshu Agarwal. Additional counsel Ms. Sweta Burman and Ms. Trishita Ghosh also appeared in the matter.
Final Outcome
Upon request by the learned counsel for the parties, the Bench adjourned the matter and posted it for hearing before the Regular Bench on August 24, 2026. No substantive decisions on the merits of the case were made in this order.
Topics: Insolvency Proceedings, Personal Guarantor