Authority: National Company Law Tribunal, New Delhi Court – IV (Single Bench)
Order Date: July 20, 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Court – IV, heard an interlocutory application (IA/1681/ND/2025) within the main insolvency petition (IB/708/ND/2024). The petition was filed by Central Bank of India (Applicant) against Mr. Himanshu Gupta (Respondent) under Section 9 of the Insolvency & Bankruptcy Code, 2016, which pertains to the initiation of the Corporate Insolvency Resolution Process by an operational creditor. The matter was heard in a hybrid mode (physical and video conference). The applicant was represented by their counsel, and Ms. Swastika Kumari, the Resolution Professional, was also present.
Final Outcome
The Hon'ble Member (Judicial), Shri Mahendra Khandelwal, issued a brief order adjourning the matter. The case has been listed for its next hearing before a Division Bench on August 20, 2026. No substantive decision on the admission or dismissal of the petition was made in this order.
Topics: Insolvency Proceeding, Banking Litigation, NCLT