# 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-01685. 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-01685
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/central-bank-of-india-vs-anil-kumar-kedia-cp-6feb0f1c

## 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. The application was filed according to the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtor) Rules, 2019. The NCLT Kolkata Bench was hearing the matter. During the proceedings, the court was informed of a related matter before the Supreme Court, Writ Petition (Civil) No. 478/2022 (Gaurav Garg -vs- Union of India & Ors.) and related petitions, which challenged 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

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## Issues and analysis

### Issue 1: Whether the proceedings before the NCLT should be adjourned pending the outcome of the Writ …

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

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**Reasoning:** The court reasoned that since the Supreme Court was already seized of the matter

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**Interpretation:** This reflects the interpretation that when the validity of a law is under

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**Application:** The court applied this principle by adjourning the matter to 06/09/2022,

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## Parties

- **Judges:** RohitKa…; Harish Chander…
- **Appellants:** Central Bank of…
- **Respondents:** Anil Kumar…

## Timeline

- **2022-06-22 — Order Res…**: The matter was reserved…
- **2022-07-08 — Supreme Cour…**: The Hon'ble Supreme Court passed an order in Writ Petition (Civil) No. 478/2022 (Gaurav…

## 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)

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