Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: June 22, 2026
Case Overview
The matter involves proceedings under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The applicant is Bank of Maharashtra acting through its Resolution Professional, Mangesh Vitthal Kekre. The respondent is Jai Prakash Sharma. The bench comprised Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical).
Final Outcome
The hearing was adjourned without any substantive proceedings. The adjournment was granted because the Court Officer informed the bench that a leave note had been received from the respondent's side. The matter has been rescheduled and will next be listed for hearing on July 21, 2026.
Topics: Insolvency Proceeding, Banking, NCLT