Union Bank vs Uma Bagri NCLT Hearing Adjourned

Authority: National Company Law Tribunal Kolkata Bench (Court I)

Order Date: 16th June 2026

Case Overview

This is an order from the National Company Law Tribunal (NCLT), Kolkata Bench, in the matter of Union Bank of India Limited versus Uma Bagri. The proceedings are under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 (IBC), which pertains to the initiation of an insolvency resolution process against a personal guarantor. The case was listed for hearing on 16th June 2026. The Financial Creditor, Union Bank of India, was represented by advocates Ms. Tannya Baranwal and Ms. Zeenat Shabab. The Personal Guarantor, Uma Bagri, was represented by advocates Ms. Noelle Banerjee and Mr. Dipanjan Dey. The Resolution Professional (RP), Mr. Hansraj Jaria, was also present in person.

Final Outcome

The Bench, comprising Hon'ble Member (Judicial) Smt. Bidisha Banerjee and Hon'ble Member (Technical) Ms. Rekha Kantilal Shah, did not take up the matter for a substantive hearing. The order states the hearing could not be conducted due to "paucity of time." Consequently, the matter has been adjourned and is now listed for its next consideration on 4th August 2026. No further directions were issued.

Topics: Insolvency Proceeding, Personal Guarantor, Adjournment