Authority: National Company Law Tribunal, New Delhi Court-V
Order Date: 12 June 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi Court-V heard an application filed by Canara Bank under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC) against respondent Sanjay Chandra. The matter was listed as Item No. 518 IB-483/ND/2025. The hybrid hearing (physical and video conference) was presided over by a bench comprising Hon'ble Member (Judicial) Shri Manni Sankariah Shanmuga Sundaram and Hon'ble Member (Technical) Ms. Reena Sinha Puri. Advocate Shivam Takkar represented the applicant Canara Bank. No representation was noted for the respondent Sanjay Chandra.
Final Outcome
The Tribunal adjourned the matter due to paucity of time. The case has been relisted for the next hearing on 27 July 2026. The order was signed by Member (Technical) Ms. Reena Sinha Puri.
Topics: Insolvency Proceeding, Banking Litigation, NCLT Adjournment