Authority: National Company Law Tribunal Chandigarh Bench (Court - I)
Order Date: July 13, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chandigarh Bench heard matter IA(I.B.C.)/710(CH)/2026 and CP(IB) No.61/Chd/HP/2026, which involves an insolvency petition filed by Canara Bank (Petitioner) against Alok Sharma (Respondent). The proceedings are being conducted under Sections 95(1) and 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC 2016).
Final Outcome
Due to paucity of time, the matter could not be taken up for hearing on July 13, 2026. The Tribunal has adjourned the case and rescheduled it for the next hearing on September 16, 2026. No substantive rulings or decisions were made in this order, which serves solely as a procedural adjournment.
Topics: Insolvency Proceedings, Banking Litigation, NCLT Adjournment