Authority: National Company Law Tribunal (NCLT) Indore Bench, Court No. 1
Order Date: June 8, 2026
Case Overview
This is a proceeding under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was filed by Bank of Maharashtra through its Resolution Professional, Mr. Mangesh Vitthal Kekre, against the respondent, Mr. Dinesh Lilwani. The respondent had previously been proceeded against ex-parte (in absentia). The respondent has since filed an application to set aside that ex-parte order. At this hearing, the respondent's proxy counsel, Mr. Adhir Lot, appeared online and requested an adjournment to pursue this application. The applicant, represented by proxy PCA Ms. Ayushi Patidar, opposed the respondent's request for an adjournment. Canara Bank was also represented at the hearing by proxy advocate Mr. Mayank Samantray.
Final Outcome
The bench, comprising Member (Judicial) Shri Brajendra Mani Tripathi and Member (Technical) Shri Man Mohan Gupta, considered the respondent's request. Despite the applicant's opposition, the tribunal granted the adjournment. The matter has been rescheduled for the next hearing on July 1, 2026. The respondent's status remains noted as 'ex-parte' for the purposes of this order.
Topics: Insolvency Proceeding, NCLT Hearing, Bank Recovery