# In the matter of Gouri Prasad Goenka Vs. Punjab National Bank & Anr. CA (AT)(Insolvency) No. 28-2019

> NCLAT judgment dated 2019-04-01. Citation: TCN-2019-NCLAT-00699. The case pertains to Company Appeal (AT)(Insolvency) No.28 of 2019 before the National…

- **Court:** NCLAT
- **Order date:** 1 Apr 2019
- **Citation:** TCN-2019-NCLAT-00699
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/gouri-prasad-goenka-vs-punjab-national-bank-anr-ca-089b38cf

## Summary

### Background

The case pertains to Company Appeal (AT)(Insolvency) No.28 of 2019 before the National Company Law Appellate Tribunal (NCLAT), New Delhi. The appellant is Gouri Prasad Goenka, and the respondent is Punjab National Bank & Anr. The matter concerns arguments related to Policy Guidelines regarding One Time Settlement (OTS).

## Facts

Gouri Prasad Goenka filed an appeal against Punjab National Bank & Anr. The central issue revolves around the Policy Guidelines for One Time Settlement (OTS), which were not available on record during the hearing. The respondent's counsel, representing the financial creditor (Punjab National Bank), committed to providing these guidelines. The court adjourned the hearing to allow for the submission and consideration of the OTS Policy Guidelines. The absence of the OTS Policy Guidelines is a key fact influencing the adjournment.

## Issues and analysis

### Issue 1: Whether the absence of Policy Guidelines regarding One Time Settlement (OTS) on record warrants an …

**Ratio:** The court has the discretion to adjourn proceedings to ensure all relevant documents and

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**Reasoning:** The court found that the Policy Guidelines regarding One Time Settlement (OTS) were not

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**Interpretation:** This issue highlights the importance of having all relevant documents and

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**Application:** In this specific case, the absence of the OTS Policy Guidelines directly

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## Parties

- **Judges:** Bansi Lal…; Balvinder…
- **Appellants:** Gouri Prasad…
- **Respondents:** Punjab National…

## Timeline

- **2019-05-01 — Hearing…**: Further arguments were advanced by learned counsel for the appellant. The court noted the…
- **2019-05-16 — Next Hearin…**: The appeal was adjourned for further…

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This is a preview. The full structured summary, issues, precedents and source judgment are available on CaseEase - Legal Intelligence Simplified: https://caseease.in/cases/ibc/nclat-new-delhi/gouri-prasad-goenka-vs-punjab-national-bank-anr-ca-089b38cf