Authority: National Company Law Tribunal, Bengaluru Bench
Order Date: 09.06.2026
Case Overview
The National Company Law Tribunal (NCLT), Bengaluru Bench, comprising Hon'ble Member (Judicial) Shri Sunil Kumar Aggarwal and Hon'ble Member (Technical) Shri Radhakrishna Sreepada, heard Interlocutory Application numbers IA 573/2022, IA (IBC) 466 & 467/2026 in Company Petition (IB) No. 92/BB/2022. The petition was filed by Indiabulls Commercial Credit Ltd under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against respondent Sushil Mantri. Representation was present for both parties with Shri Chintan Chinnappa appearing for the petitioner (Indiabulls Commercial Credit Ltd) and Shri Anish Acharya appearing for the respondent (Sushil Mantri). Indian Bank was also noted as having appeared but not marked the attendance sheet.
Final Outcome
The NCLT allowed an adjournment request made by the parties on the grounds that settlement talks are currently ongoing between them. The case has been listed for the next hearing on 14th July 2026 for further proceedings.
Topics: Insolvency Proceedings, NCLT Adjournment