Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 08/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Indore Bench heard Interlocutory Application No. IA/478(MP)2024 in the main matter CP(IB)/16(MP)2023. The application was filed by Canara Bank against respondent Manish Lilwani under Section Rule 11 of the Insolvency and Bankruptcy Code. The matter involved insolvency proceedings initiated by Canara Bank. Bank of Maharashtra was also represented as a party in the case. The applicant's proxy counsel, Mr. Mayank Samantray appearing on behalf of Ms. Anju Jain, sought an adjournment on grounds that the arguing counsel was unavailable for the hearing. The respondent was represented ex-parte by Mr. Adhir Lot via proxy counsel online.
Final Outcome
The NCLT Bench comprising Member (Technical) Man Mohan Gupta and Member (Judicial) Brajendra Mani Tripathi granted the adjournment request. The matter has been rescheduled for hearing on July 1, 2026. No substantive decisions were made on the merits of the case during this hearing.
Topics: Insolvency Proceedings, Banking Litigation, NCLT Adjournment