Authority: National Company Law Tribunal, Kolkata Bench
Order Date: 29th June 2026
Case Overview
The National Company Law Tribunal (NCLT), Kolkata Bench heard matters related to Corporate Insolvency Resolution Process (CIRP) application CP (IB)/242(KB)2021 filed by Tata Capital Financial Services Ltd. against Bina Choudhary. The application was filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, which pertains to initiation of insolvency resolution process by financial creditors against personal guarantors to corporate debtors. Several Interlocutory Applications were also listed for hearing: IA(I.B.C)/1685(KB)2024, IA(I.B.C)/1852(KB)2025, IA(I.B.C)/1850(KB)2025, IA(I.B.C)/1121(KB)2025, and IA(I.B.C)/1712(KB)2024. Mr. M. Rama Rao, Advocate, appeared for the Resolution Professional in IA No. 1845/2025.
Final Outcome
The Regular Bench was not available on the hearing date (29th June 2026). Consequently, the NCLT Kolkata Bench, comprising Member (Judicial) Shri Cheekati Radha Krishna and Member (Technical) Ms. Rekha Kantilal Shah, adjourned all applications and listed them for next hearing before the Regular Bench on 30th July 2026. The matter remains pending without any substantive decision on the merits of the case.
Topics: Insolvency Proceeding, NCLT Hearing, Financial Creditor