Case Details
Case Name: Tata Capital Limited vs Karan Bhatia
Court/Authority: National Company Law Tribunal, New Delhi Bench (Court - II)
Case Number: IB-206/ND/2025 with IA-2568/ND/2025
Date of Order: May 22, 2026
Legal Provision: Section 95 of the Insolvency and Bankruptcy Code, 2016
Parties Involved
Petitioner/Applicant: Tata Capital Limited
Respondent: Karan Bhatia (Personal Guarantor)
Legal Representation:
- For Respondent/Guarantor: Advocate Prashant Katara
- For Resolution Professional: Advocates Abhishek Anand, Karan Kohli, Vanshika Dhoot
- For Personal Guarantor: Advocates Prashant Katara, Shivam Gupta
Final Ruling & Enforcement
The National Company Law Tribunal, New Delhi Bench, adjourned the hearing and listed the matter for next hearing on July 9, 2026. The order was signed by both members of the bench:
- Hon'ble Member (Technical): Shri Atul Chaturvedi
- Hon'ble Member (Judicial): Shri Ashok Kumar Bhardwaj
The hearing was conducted through hybrid mode (virtual conference and physical appearance). The case involves an application under Section 95 of the Insolvency and Bankruptcy Code, 2016, which pertains to the insolvency resolution process for personal guarantors to corporate debtors.