NCLT Kolkata Admits PNB's Insolvency Application Against Personal Guarantor

NCLT Kolkata admitted Punjab National Bank's application to initiate insolvency resolution against Rabin Das, personal guarantor of Purulia Metal Casting Pvt. Ltd. The Tribunal held that the application filed on 24 March 2025 was within limitation, reckoned from the default following invocation of the guarantee in April 2023. It accepted the Resolution Professional's recommendation, noting that the guarantor had neither established repayment nor filed objections to the report despite being given an opportunity.