Authority: National Company Law Tribunal, New Delhi Special Principal Bench
Order Date: 10 July 2026
Case Overview
The National Company Law Tribunal (NCLT) heard a petition filed by Canara Bank Ltd under Section 95 of the Insolvency and Bankruptcy Code, 2016 against Mr. Suraj Mal Dabas. The petition was listed as Item No. 401 (IB)- 84(ND)/2026. The tribunal had previously issued notice to the respondent on 30 March 2026, returnable by 28 April 2026, and granted two weeks for filing a reply or objection. When the matter was taken up on 29 June 2026, neither counsel for the respondent appeared nor was any reply filed on record. The court had reserved judgment after hearing the petitioner's counsel.
Final Outcome
The bench, comprising Justice Anupinder Singh Grewal (President) and Ms. Reena Sinha Puri (Member Technical), de-reserved the matter and adjourned the hearing to 22 July 2026. The respondent was granted one final opportunity to file a reply or objection within one week from the order date (10 July 2026). The matter will be heard before the Regular Bench on the next date.
Topics: Insolvency Proceeding, Banking Debt, NCLT Adjournment