Authority: National Company Law Tribunal, New Delhi Principal Bench
Order Date: 14 July 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Principal Bench, heard matter IB-695(PB)/2024 between Canara Bank Limited (Petitioner) and Sunita Aggarwal (Respondent). The proceedings were initiated under Section 95(1) of the Insolvency and Bankruptcy Code, 2016, specifically concerning a Personal Insolvency Resolution Process (PIRP). The hybrid hearing (physical and video conference) was conducted before a bench comprising Justice Anupinder Singh Grewal (Hon'ble President) and Shri Ravindra Chaturvedi (Hon'ble Member - Technical). No appearances were marked for either the petitioner or the respondent during this hearing.
Final Outcome
The tribunal issued a procedural order listing the matter for the next hearing on 11 August 2026. No substantive decisions were made regarding the insolvency application at this stage.
Topics: Insolvency Proceedings, Banking Litigation