Authority: National Company Law Tribunal, Kolkata Bench - Court II
Order Date: 29th June 2026
Case Overview
This is an order from a Special Bench of the NCLT Kolkata, comprising Hon'ble Member (Judicial) Shri Cheekati Radha Krishna and Hon'ble Member (Technical) Ms. Rekha Kantilal Shah. The matter pertains to a petition filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 (IBC). The corporate creditor, Tata Capital Financial Services Ltd., has initiated insolvency proceedings against the personal guarantor, Kishan Lal Choudhary. The case is registered as C.P. (IB)/240(KB)2021. Several Interim Applications (IAs) are also part of these proceedings, specifically IA(I.B.C)/1871(KB)2025, IA(I.B.C)/1845(KB)2025, IA(I.B.C)/1113(KB)2025, and IA(I.B.C)/1716(KB)2024. Counsel for the Resolution Professional in IA No.1845/2025, Mr. M. Rama Rao, was noted as having appeared.
Final Outcome
The Special Bench noted that the Regular Bench was not available on 29th June 2026. Consequently, the matter was adjourned and listed for its next hearing before the Regular Bench on 30th July 2026. No substantive orders on the merits of the case were passed in this hearing.
Topics: Insolvency Proceeding, NCLT Hearing, Personal Guarantor