Authority: National Company Law Tribunal Kolkata Bench (Hon'ble Member (Technical) Smt. Rekha Kantilal Shah and Hon'ble Member (Judicial) Smt. Bidisha Banerjee)
Order Date: Not explicitly stated in provided text
Case Overview
The National Company Law Tribunal (NCLT) Kolkata Bench is hearing a petition filed by Indian Bank under Section 95(1) of the Insolvency and Bankruptcy Code against personal guarantor Gobardhan Mondal. The bench has identified deficiencies in the report submitted by the Resolution Professional, specifically noting that while the report indicates a date of default in 2023, it fails to provide the crucial date when the personal guarantee was invoked by the bank. Additionally, the report lacks supporting documentation to substantiate the guarantee invocation.
Final Outcome
The Tribunal has directed the parties to provide clarification regarding the date of guarantee invocation along with supporting documents. The matter has been adjourned and is scheduled for next consideration on July 29, 2026.
Topics: Insolvency Proceedings, Personal Guarantee, Banking Law