# In the matter of Central Bank of India Vs. Anil Kumar Kedia, CP (IB)/398(KB)/2021

> NCLT judgment dated 2022-07-15. Citation: TCN-2022-NCLT-01688. The case pertains to an application under Section 95(1) of the Insolvency and Bankruptcy Code,…

- **Court:** NCLT
- **Order date:** 15 Jul 2022
- **Citation:** TCN-2022-NCLT-01688
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/central-bank-of-india-vs-anil-kumar-kedia-cp-06954aff

## Summary

### Background

The case pertains to an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, read with rule 7(2) of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtor) Rules, 2019. Central Bank of India filed the application against Mr. Anil Kumar Kedia.

## Facts

Central Bank of India filed an application under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against Mr. Anil Kumar Kedia, a personal guarantor to a corporate debtor. The application seeks to initiate an insolvency resolution process. The NCLT noted that similar issues were pending before the Supreme Court in Writ Petition (Civil) No. 478/2022 (Gaurav Garg -vs- Union of India & Ors.) and other connected writ petitions, challenging the validity of Sections 95(1), 96(1), 97(5), 99(1), 99(2), 99(4), 99(5), 99(6) and 100 of the Insolvency and Bankruptcy Code, 2016. The Supreme Court had issued interim orders in those petitions. The NCLT adjourned the matter to await the outcome of the Supreme Court's decision and directed the respondent-personal guarantor

…

## Issues and analysis

### Issue 1: Whether the insolvency resolution process against the personal guarantor should proceed given the …

**Ratio:** The principle of judicial comity and the need to avoid conflicting decisions warrant the

…

**Reasoning:** The NCLT reasoned that the Supreme Court was already seized of the matter concerning the

…

**Interpretation:** The interpretation involves the application of principles of judicial

…

**Application:** The NCLT applied the principle by adjourning the matter to await the Supreme

…

## Parties

- **Judges:** RohitKa…; Harish Chander…
- **Appellants:** Central Bank of…
- **Respondents:** Anil Kumar…
- **Advocates:** Usha D…; Priyanka…; +5 more

## Timeline

- **2022-06-22 — Order Res…**: The matter was reserved…
- **2022-07-15 — Order Pron…**: The order was…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 95(1) — Application by creditor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-95)

---

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/nclt-division-bench-court-i-chenn/central-bank-of-india-vs-anil-kumar-kedia-cp-06954aff