Pankaj Singhania vs State Bank Of India

IN THE MATTER OF: Pankaj Singhania ...Appellants Versus State Bank of India & Ors. ...Respondents

Present: For Appellant : Mr. Akaant K.M., Advocate. For Respondents :

ORDER

(Hybrid Mode)

17.03.2025: This appeal has been filed against the order dated

24.02.2025 by which order Section 94 application filed by the appellant has

been rejected by the National Company Law Tribunal, Chandigarh Bench on

the ground that the application filed by appellant is incomplete since the

personal guarantee agreement has not been appended.

2. Ld. Counsel for the appellant submits that subsequent to passing of the

order dated 24.02.2025 appellant has obtained the Deed of Guarantee dated

30.12.2014 which is annexed in this appeal. In the facts of the present case,

we are of the view that ends of justice be served in closing this appeal with

liberty to the appellant to file a fresh application u/s 94 which liberty was

granted to the appellant on earlier occasions. We thus, dismiss the appeal

subject to liberty that a fresh complete application along with the deed of

guarantee may be filed by the appellant within 30 days from today.

3. With these observations, we dismiss the appeal.

[Justice Ashok Bhushan] Chairperson

[Barun Mitra] Member (Technical)

[Arun Baroka] Member (Technical) harleen/NN

2 of 2 Company Appeal (AT) (Ins) No. 438 of 2025