Authority: National Company Law Tribunal, New Delhi Bench (Court-II)
Order Date: 12 June 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi Bench heard an application filed by UCO Bank under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against respondent Amar Thakkar, who is identified as a Personal Guarantor/Corporate Debtor. The matter was heard through hybrid mode (VC and Physical). The Resolution Professional, Ms. Harmeet Kaur, appeared in person while Adv. Anisha Nair represented the applicant UCO Bank. There was no appearance on behalf of the respondent Corporate Debtor.
The Resolution Professional had filed an affidavit of service confirming that notice had been attempted to be served upon the Personal Guarantor/Corporate Debtor through multiple channels including email, WhatsApp, and speed post. The tracking report of the speed post delivery indicated that the notice could not be delivered at two addresses of the respondent. The only address where delivery was successful was that of SVR College, though the relevance of this address to the respondent was not established.
Final Outcome
The NCLT bench comprising Member (Technical) Atul Chaturvedi and Member (Judicial) Ashok Kumar Bhardwaj ordered fresh notice to be issued to the Corporate Debtor/Personal Guarantor through substituted mode of service. The tribunal directed that notice be published in two leading newspapers circulating in the locality where the Corporate Debtor/Personal Guarantor last resided or at the address available in the bank records. The case has been adjourned and listed for next hearing on 30 July 2026 to allow completion of the fresh service formalities.
Topics: Insolvency Proceedings, Banking Litigation, Legal Service Formalities