Authority: National Company Law Tribunal, Division Bench, Court - 1, Ahmedabad
Order Date: 10/06/2026
Case Overview
The matter involves an insolvency proceeding under Section 121(1) of the Insolvency and Bankruptcy Code, 2016. The State Bank of India (Applicant/Financial Creditor) filed the case against Mr. Sunil Mishra (Respondent/Personal Guarantor). The proceeding was listed before a bench comprising Mr. Shammi Khan (Hon'ble Member Judicial) and Mr. Sanjeev Sharma (Hon'ble Member Technical).
During the hearing, the learned counsel representing the Personal Guarantor (Mr. Sunil Mishra) informed the Tribunal that the order previously passed by this NCLT bench has been challenged through an appeal filed before the National Company Law Appellate Tribunal (NCLAT). This appeal is registered as Company Appeal (AT)(Ins.) No. 962 of 2026 and is scheduled for hearing on 09.07.2026.
Final Outcome
The NCLT bench adjourned the matter in light of the pending appeal at NCLAT. The case has been listed for further consideration at the NCLT Ahmedabad on 21.07.2026, awaiting the outcome of the NCLAT hearing.
Topics: Insolvency Proceeding, Personal Guarantor, Adjournment