Authority: National Company Law Tribunal, New Delhi Court-V
Order Date: June 9, 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi heard matter IB-491/ND/2023, which involves Indian Bank as the petitioner against respondent Brij Mohan Mahajan. The proceedings include connected applications IA-6294/2024 and IA-2798/2024. The case was being heard under Section 95 of the Insolvency and Bankruptcy Code (IBC). The hearing was conducted in hybrid mode (physical and video conference) before a bench consisting of Judicial Member Shri Manni Sankariah Shanmuga Sundaram and Technical Member Ms. Reena Sinha Puri. Legal representation was present for all parties: advocates for the respondents (Mr. Nakul Mohta, Mr. Hitesh Nagar, and Ms. Saijal Arora) and for the Resolution Professional (Mr. Gaurav Joshi, Adv.).
Final Outcome
The NCLT adjourned the matter due to paucity of time. The case has been rescheduled for hearing on August 3, 2026. The order was signed by Technical Member Reena Sinha Puri.
Topics: Insolvency Proceeding, Banking Dispute, NCLT Adjournment