Authority: National Company Law Tribunal, New Delhi Special Bench
Order Date: 29 June 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi Special Bench heard a petition filed by Central Bank of India under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/s. Vedansh Real Estate Pvt Ltd. The matter was listed as Item No. 05 (IB)-87(ND)/2025. The hearing was conducted in hybrid mode (physical and video conference). When the matter was called twice, no one appeared on behalf of the applicant (Central Bank of India).
Final Outcome
The NCLT bench comprising Justice Anupinder Singh Grewal (Hon'ble President) and Ms. Reena Sinha Puri (Hon'ble Member Technical) adjourned the matter in the interest of justice. The case was listed for the next hearing on 28 July 2026. No substantive order was passed on the merits of the insolvency petition due to the non-appearance of the applicant.
Topics: Insolvency Proceeding, Banking Sector, Real Estate