Authority: National Company Law Tribunal, New Delhi Court-V
Order Date: 08 June 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Court-V, was hearing an interlocutory application (IA-3013/2025) filed in the main insolvency petition (IB-306/ND/2024). The application was filed by Central Bank of India as the applicant against Ashok Verma as the respondent. The proceedings were initiated under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC). The hearing was conducted in a hybrid mode (physical and video conference). The Resolution Professional was represented by Mr. Sajeve Deora for Mr. Ashok Kripani.
Final Outcome
The bench, comprising Member (Judicial) Shri Manni Sankariah Shanmuga Sundaram and Member (Technical) Ms. Reena Sinha Puri, adjourned the matter due to paucity of time. The case was listed for the next hearing on 24 July 2026. The order was signed by Member (Technical) Ms. Reena Sinha Puri.
Topics: Insolvency Proceeding, Banking Sector, NCLT