Authority: National Company Law Tribunal (NCLT), New Delhi Bench - Court II
Order Date: 12 June 2026
Case Overview
The matter involves an application filed by Tata Capital Ltd. (Applicant) against Smt. Anita Rajgarhia (Respondent). The application was filed under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016, which pertains to the initiation of an insolvency resolution process against a personal guarantor to a corporate debtor. The hearing was conducted in a hybrid mode (both Virtual and Physical). The bench comprised Hon'ble Member (Judicial) Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Atul Chaturvedi. Advocates Ameet Deosthale and Deepak Mishra represented the Applicant and Respondent, respectively.
Final Outcome
No substantive hearing or decision on the merits of the case occurred. The tribunal noted "No time left" and passed a purely procedural order to adjourn the matter. The case has been relisted for the next hearing on 29 July 2026.
Topics: Insolvency, NCLT, Personal Guarantor