The case involves an appeal against orders passed by the Adjudicating Authority (National Company Law Tribunal), Chandigarh Bench, dismissing an application filed under Section 94 of the Insolvency and Bankruptcy Code (IBC) for non-prosecution and subsequently rejecting a restoration application. The appellant, Ashish Mohan Gupta, is the personal guarantor of the Corporate Debtor. The Union Bank of India, the respondent, had initiated proceedings under the SARFAESI Act, leading to e-auction notices for secured assets. The appellant's counsel failed to appear on the initial hearing date due to a family bereavement, leading to the dismissal. A restoration application was filed, but it was also rejected. The Adjudicating Authority also considered the appellant's prior

The case involves an appeal against orders passed by the Adjudicating Authority (National Company Law Tribunal), Chandigarh Bench, dismissing an application filed under Section 94 of the Insolvency and Bankruptcy Code (IBC) for non-prosecution and subsequently rejecting a restoration application. The appellant, Ashish Mohan Gupta, is the personal guarantor of the Corporate Debtor. The Union Bank of India, the respondent, had initiated proceedings under the SARFAESI Act, leading to e-auction notices for secured assets. The appellant's counsel failed to appear on the initial hearing date due to a family bereavement, leading to the dismissal. A restoration application was filed, but it was also rejected. The Adjudicating Authority also considered the appellant's prior