Authority: National Company Law Tribunal Kochi Bench
Order Date: 15 June 2026
Case Overview
Tata Capital Limited filed an application (IA(IBC)/277/KOB/2026) under Section 121 of the Insolvency and Bankruptcy Code, 2016 read with Rule 123 & 7, seeking initiation of bankruptcy proceedings against Mr. Rajwanth Ben as a personal guarantor. The petition was part of the main company petition CP(IB)/13/KOB/2025. The applicant sought three specific reliefs: (i) admission of the petition and order for initiation of bankruptcy process against the personal guarantor; (ii) appointment of a Bankruptcy Trustee (Insolvency Professional); and (iii) any other orders the tribunal deemed appropriate.
During the proceedings, the applicant's counsel, Ms. Pooja Pandey (appearing virtually), requested an adjournment to seek instructions from her client regarding the bankruptcy application. The bench comprising Shri Vinay Goel (Member Judicial) and Shri Ravichandran Ramasamy (Member Technical) granted the adjournment request.
Final Outcome
The case has been adjourned to 19 June 2026 for further hearing. No decision has been made on the substantive reliefs sought by Tata Capital Limited at this stage.
Topics: Insolvency Proceedings, Personal Guarantor, Bankruptcy Petition