Case Details
Case Name: Canara Bank vs Simarprit Singh
Court/Authority: National Company Law Tribunal (NCLT), New Delhi Bench (Court – II)
Case Numbers: IB-358/ND/2024, IA-2754/ND/2025, IA-3951/2024
Date of Order: 22 May 2026
Legal Framework: Section 95 Rule 7(1) of Insolvency and Bankruptcy Code, 2016
Parties Involved
Petitioner/Applicant: Canara Bank
Respondent: Simarprit Singh
Resolution Professional: Maya Gupta, RP along with Advocate Devansh Babita
Tribunal Members: Sh. Ashok Kumar Bhardwaj (Hon'ble Member (J)), Sh. Atul Chaturvedi (Hon'ble Member (T))
Proceedings
Hearing was conducted through VC and Physical (Hybrid) Mode. The tribunal noted "No time left" and adjourned the matter. The case has been listed for next hearing on 09 July 2026.
Final Ruling
The order constitutes a procedural adjournment without any substantive findings, observations, penalties, or directions. The matter remains pending before the NCLT for further hearing.