# In the matter of Bhavik Haribhai Rupapara vs. Canara Bank & Ors.

> NCLAT judgment dated 2025-07-31. Citation: TCN-2025-NCLAT-00432. The IRP is challenging the Adjudicating Authority's order dismissing a petition filed by a…

- **Court:** NCLAT
- **Order date:** 31 Jul 2025
- **Citation:** TCN-2025-NCLAT-00432
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/bhavik-haribhai-rupapara-vs-canara-bank-ors-91d73a3c

## Summary

### Background

The IRP is challenging the Adjudicating Authority's order dismissing a petition filed by a personal guarantor under Section 94 of IBC, where the AA entered certain findings and recommended action by the IBBI.

## Facts

A personal guarantor instituted a petition under Section 94 of IBC on 12.02.2024.

The Adjudicating Authority appointed the appellant as the IRP on 29.01.2024.

The appellant received the order appointing him as an IRP on 07.02.2024.

The appellant emailed the personal guarantor and corporate debtor on 07.02.2024.

The appellant fell sick and was hospitalized from 20.02.2024.

The appellant emailed the personal guarantor and corporate debtors on 28.02.2024.

Canara Bank, one of the creditors, responded on 06.03.2024.

The appellant filed its interim report on 05.04.2024, but it had some defects.

The personal guarantor emailed the appellant on 23.04.2014, proposing to withdraw his petition under Section 94 of IBC.

The appellant refiled his report on 13.08.2024.

…

## Issues and analysis

### Issue 1: Whether the IRP was justified in taking 187 days …

**Ratio:** Section 99 of IBC mandates the IRP to file its report within ten days from the date of

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**Reasoning:** The Adjudicating Authority viewed the

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**Interpretation:** The Tribunal gives the benefit

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**Application:** The Tribunal allows that part of the impugned order which concerns the

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## Parties

- **Judges:** N. Sesha…; Indevar P…
- **Appellants:** Bhavik Haribhai…
- **Respondents:** Canara Bank…
- **Other parties:** Canara…
- **Advocates:** Asav R…; Mayank B…; +2 more

## Timeline

- **2024-02-12 — Petition…**: A personal guarantor instituted a…
- **2024-01-29 — IRP Appo…**: The Adjudicating Authority…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 94 — Application by debtor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-94)

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