Authority: National Company Law Tribunal, New Delhi - Court VI
Order Date: 08 June 2025
Case Overview
The National Company Law Tribunal (NCLT), New Delhi, heard an application filed by HDFC Bank Ltd against respondent Bina Jain under Section 95(1) of the Insolvency & Bankruptcy Code, 2016. The matter was listed as Item No. 616 (IB)-14(PB)/2022 with connected application IA-2272/2022. The hearing was conducted in hybrid mode (physical and video conference). Both parties were represented by their advocates - Shravan Chandrashekhar for the respondent and Bheem Sain Jain for the resolution professional.
Final Outcome
The NCLT bench comprising Justice Jyotsna Sharma (Judicial Member) and Ms. Anu Jagmohan Singh (Technical Member) adjourned the matter to 20 July 2026 based on the request and consent of both parties. No substantive hearing or decision on merits occurred in this order.
Topics: Insolvency Proceeding, Banking Litigation, NCLT