June 19, 2026 : In a significant ruling under the Insolvency and Bankruptcy Code, 2016 (IBC), the National Company Law Tribunal (NCLT), Jaipur Bench, has held that a Resolution Professional (RP) appointed in insolvency proceedings against a personal guarantor cannot Read more…
May 12, 2026 : The National Company Law Appellate Tribunal (NCLAT) has upheld insolvency proceedings against personal guarantors Amit Bhatnagar and Sumit Bhatnagar in connection with the debts of Diamond Power Transformers Ltd. (DPTL), ruling that approval of a resolution Read more…
April 13, 2026 : The Kochi Bench of the National Company Law Tribunal has held that where a personal guarantor fails to submit a repayment plan, the Resolution Professional cannot convene a meeting of creditors and must instead file a report Read more…
April 10, 2026 : The National Company Law Tribunal (NCLT), Kochi Bench, has condoned a delay of 470 days in filing a claim by Federal Bank Limited in bankruptcy proceedings against personal guarantor Reena Paul, holding that the delay was Read more…
April 9, 2026 : The National Company Law Appellate Tribunal (NCLAT), Chennai Bench, has ruled that a High Court cannot direct exclusion of time or condonation of delay after refusing to entertain a writ petition on the ground of availability of Read more…
April 1, 2026 : The National Company Law Appellate Tribunal (NCLAT), Chennai Bench, has clarified that the power of the Adjudicating Authority under Section 114(3) of the Insolvency and Bankruptcy Code, 2016 to direct reconsideration or modification of a repayment Read more…
March 27, 2026 : The National Company Law Appellate Tribunal (NCLAT), New Delhi, has held that an insolvency application filed against a personal guarantor during the subsistence of an interim moratorium under Section 96 of the Insolvency and Bankruptcy Code Read more…
March 18, 2026 : The National Company Law Tribunal (NCLT), Chandigarh Bench, has clarified that the moratorium imposed under Section 14 of the Insolvency and Bankruptcy Code (IBC) applies only to the corporate debtor and does not extend protection to Read more…
March 12, 2026 : The National Company Law Tribunal (NCLT), Hyderabad Bench-II, has held that dispatch of a statutory demand notice to the last known address of a personal guarantor constitutes valid service under the Insolvency and Bankruptcy Code, 2016, even Read more…
March 11, 2026 : The Ahmedabad Bench of the National Company Law Tribunal (NCLT) has dismissed a personal guarantor’s application under Section 94 of the Insolvency and Bankruptcy Code, 2016, holding that the plea was barred by limitation and filed Read more…