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 IA/404(MP)/2024, which was filed within the main insolvency proceeding C.P.(IB)/42(MP)/2021. The case involves Canara Bank as the applicant against Mukul Kakar & Anr (and another) as respondents. The application was filed under Section Rule 11 of the NCLT rules. During the hearing, the proxy counsel for Canara Bank requested an adjournment on the grounds that the arguing counsel was not available on that day.
Final Outcome
The bench, comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical), granted the adjournment request. The matter has been rescheduled for hearing on July 1, 2026. No substantive decisions on the merits of the case were made in this order.
Topics: NCLT Proceedings, Insolvency Case, Hearing Adjournment