Case Details
Case Name: Kotak Mahindra Bank Ltd. vs Sachdeva and Sons Rice Mills Limited
Court/Authority: National Company Law Tribunal, Chandigarh Bench (Court - II)
Case Number: IA(I.B.C.)/1360(CH)2025 In CP (IB) No.170/Chd/Pb/2024
Date of Order: 19.05.2026
Under Section: 7, 60(5) of the Insolvency and Bankruptcy Code, 2016
Parties Involved
Petitioner/Applicant: Kotak Mahindra Bank Ltd.
Respondent: Sachdeva and Sons Rice Mills Limited
Order Details
The matter could not be taken up for hearing on May 19, 2026 due to paucity of time. The tribunal recorded that no parties were present for the hearing. Consequently, the matter has been adjourned to July 7, 2026 for further proceedings.
Nature of Proceeding
This is an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, which pertains to initiation of corporate insolvency resolution process by financial creditors. The application is pending admission before the NCLT.