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 an interlocutory application (IA/479(MP)2024) within the main insolvency petition CP(IB)/17(MP)2023. The matter involves Canara Bank as the applicant and Ramesh Lilwani as the respondent. Bank of Maharashtra was also represented in the proceedings. The application was heard under Section Rule 11 of the NCLT rules. During the hearing on June 8, 2026, the proxy counsel for Canara Bank requested an adjournment on the grounds that the arguing counsel was not available.
Final Outcome
The NCLT Bench, consisting of Member (Technical) Man Mohan Gupta and Member (Judicial) Brajendra Mani Tripathi, granted the adjournment request. The matter has been rescheduled and will next be heard on July 1, 2026.
Topics: Insolvency Proceedings, Banking Litigation