These appeals were filed by Personal Guarantors challenging the order dated 17.02.2026 passed by the National Company Law Tribunal, New Delhi Bench, Court-II, admitting Section 95 applications filed by Catalyst Trusteeship Ltd.
Sushant Chhabra and Verinder Kumar Chhabra executed unconditional and irrevocable Deeds of Personal Guarantee on 28.12.2024.
Catalyst Trusteeship Ltd. issued a default-cum-legal notice dated 01.04.2025 to the Corporate Debtor and Personal Guarantors.
Canara Bank filed CP(IB) No.122/ND/2025 and CP(IB)No.121/ND/2025 under Section 95(1) of the IBC against Sushant Chhabra and Verinder Kumar Chhabra, respectively, on 12.01.2025.
The Adjudicating Authority appointed Mr. Prabhjit Singh Soni as Resolution Professional in the applications filed by Canara Bank.
Catalyst Trusteeship Ltd. filed CP(IB)450/ND/2025 and CP(IB)446/ND/2025 against the Appellants on 05.08.2025.
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Sushant Chhabra and…
Canara Bank filed CP(IB) No.122/ND/2025 and…
These appeals were filed by Personal Guarantors challenging the order dated 17.02.2026 passed by the National Company Law Tribunal, New Delhi Bench, Court-II, admitting Section 95 applications filed by Catalyst Trusteeship Ltd.
Sushant Chhabra and Verinder Kumar Chhabra executed unconditional and irrevocable Deeds of Personal Guarantee on 28.12.2024.
Catalyst Trusteeship Ltd. issued a default-cum-legal notice dated 01.04.2025 to the Corporate Debtor and Personal Guarantors.
Canara Bank filed CP(IB) No.122/ND/2025 and CP(IB)No.121/ND/2025 under Section 95(1) of the IBC against Sushant Chhabra and Verinder Kumar Chhabra, respectively, on 12.01.2025.
The Adjudicating Authority appointed Mr. Prabhjit Singh Soni as Resolution Professional in the applications filed by Canara Bank.
Catalyst Trusteeship Ltd. filed CP(IB)450/ND/2025 and CP(IB)446/ND/2025 against the Appellants on 05.08.2025.
…Sushant Chhabra and…
Canara Bank filed CP(IB) No.122/ND/2025 and…