Case Details
Case Name: Axis Bank vs Millenium Strach India Pvt. Ltd.
Court/Authority: National Company Law Tribunal, Bengaluru Bench
Case Number: I.A No. 469/2026 in CP (IB) No.22/BB/2025
Date of Order: 25.05.2026
Legal Basis: Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016
Parties Involved
Petitioner: Axis Bank
Respondent: Millenium Strach India Pvt. Ltd.
Tribunal Composition
- Judicial Member: Shri. Sunil Kumar Aggarwal
- Technical Member: Shri. Radhakrishna Sreepada
Proceedings & Next Hearing
The Interlocutory Application (I.A No. 469/2026) was heard through physical hearing/VC mode (hybrid). The tribunal ordered that the matter be listed with the main company petition (C.P) on 20.07.2026 for further proceedings.
Final Ruling & Enforcement
The order simply adjourns the matter to the next hearing date without making any substantive determinations on the insolvency petition. No admission or rejection of the petition under Section 7 of IBC has been decided in this order.