Authority: National Company Law Tribunal, New Delhi Court - IV
Order Date: June 8, 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Court-IV, heard an interlocutory application (IA/976/ND/2026) in the main insolvency matter (IB/649/ND/2023). The application was filed by Bank of Maharashtra against respondent Binod Kumar Jain under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The hearing was conducted in hybrid mode (physical and video conference). The Resolution Professional was represented by advocates Mr. Gautam Singhal and Mr. Rajat Chaudhary. The respondent was represented by Ms. Anju Jain along with Mr. Mayank Samantray. The bench consisted of Shri Mahendra Khandelwal (Hon'ble Member Judicial) and Shri Atul Chaturvedi (Hon'ble Member Technical).
Final Outcome
The tribunal adjourned the matter due to paucity of time. The case has been rescheduled for the next hearing on July 17, 2026. The order was signed by Shri Atul Chaturvedi, Member (Technical).
Topics: NCLT Proceedings, Insolvency Application, Adjournment