Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 17 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Indore Bench heard proceedings under Section 95 of the Insolvency and Bankruptcy Code (IBC) in matter CP(IB)/1(MP)2023. The applicant is IFCI Ltd, a financial institution, and the respondent is an individual, Hemant Kumar Soni. The matter concerns an insolvency petition filed by IFCI Ltd against Mr. Soni. During the proceedings, the learned counsel for the respondent, Ms. Aarya Chhangnai (appearing online), requested an adjournment citing the personal medical exigencies of the arguing counsel, which made them unavailable on that day.
Final Outcome
The bench, comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical), allowed the request for adjournment. The matter has been adjourned and is now listed for arguments on the next date of hearing, 17 July 2026.
Topics: Insolvency Proceeding, NCLT, Adjournment