Authority: National Company Law Tribunal, New Delhi Court-V
Order Date: 09 June 2026
Case Overview
This matter involves an insolvency resolution process under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC). Indian Bank is the petitioner seeking resolution against Mr. Sanjeev Mahajan as the respondent. The case is registered as IB-492/ND/2023 with interconnected applications IA-30/2025 and IA-2795/2024. The hearing was conducted in hybrid mode (physical and video conference) before a bench comprising Hon'ble Member (Judicial) Shri Manni Sankariah Shanmuga Sundaram and Hon'ble Member (Technical) Ms. Reena Sinha Puri. Representatives for both parties were present: counsel for the petitioner, advocates for the respondents (Mr. Nakul Mohta, Mr. Hitesh Nagar, Ms. Saijal Arora), and the Resolution Professional's advocate (Mr. Gaurav Joshi).
Final Outcome
The tribunal adjourned the matter due to paucity of time. The next hearing is scheduled for 03 August 2026. No substantive orders were passed beyond the adjournment.
Topics: Insolvency, Banking, Legal Proceedings