Authority: National Company Law Tribunal, New Delhi Principal Bench (Single)
Order Date: 09 October 2026
Case Overview
The matter concerns an application (TA (IBC) - 56(PB)/2026) filed by Deepak Mittal seeking transfer of CP (IB)/403/ND/2024 titled 'Bank of Baroda v. Gurmeet Singh Matharoo' from Court No. II of NCLT New Delhi to the Principal Bench of NCLT New Delhi. The petitioner's counsel submitted that Mr. Gurmeet Singh Matharoo is the personal guarantor for credit facilities obtained by the corporate debtor, Our Company Infrastructure Development Private Limited. It was noted that the Principal Bench had already admitted CP (IB)/680/(PB)/2024 (Bank of Baroda v. Our Company Infrastructure Development Private Limited) for initiation of Corporate Insolvency Resolution Process (CIRP) against the corporate debtor on 17 February 2025. The counsel argued that since various other applications concerning the same corporate debtor are pending before the Principal Bench, the petition against the personal guarantor should also be heard by the same bench for consistency and efficiency.
Final Outcome
The Tribunal issued notice to the respondents through all modes of service, returnable by 23 October 2026. The matter was listed for next hearing on 23 October 2026. The order did not make a final determination on the transfer request but initiated the process of hearing from all parties.
Topics: NCLT Proceedings, Personal Guarantor, Case Transfer