Authority: National Company Law Tribunal, New Delhi Court-V
Order Date: June 9, 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Bench comprising Hon'ble Member (Judicial) Shri Manni Sankariah Shanmuga Sundaram and Hon'ble Member (Technical) Ms. Reena Sinha Puri, heard matter IB-490/ND/2023 with connected applications IA-2789/2024 and IA-3407/2024. The case involves Indian Bank as the petitioner filing an insolvency petition under Section 95 of the Insolvency and Bankruptcy Code, 2016 against respondent Smt. Samiksha Mahajan. The hearing was conducted in hybrid mode (physical and video conference). Representatives for both parties were present: advocates for the respondents (Mr. Nakul Mohta, Mr. Hitesh Nagar, Ms. Saijal Arora) and advocate for the resolution professional (Mr. Gaurav Joshi).
Final Outcome
Due to paucity of time, the tribunal adjourned the matter to August 3, 2026, for further hearing. The order was signed by Member (Technical) Ms. Reena Sinha Puri.
Topics: Insolvency Proceeding, NCLT Adjournment, Banking Dispute