Authority: National Company Law Tribunal, New Delhi, Court VI
Order Date: 08.06.2025
Case Overview
The National Company Law Tribunal (NCLT), New Delhi, heard matter IB-15(PB)/2022 with connected application IA-2274/2022. The proceedings involve HDFC Bank Ltd as the applicant and Shivi Jain as the respondent. The case was filed under Section 95(1) of the Insolvency & Bankruptcy Code, 2016, which pertains to the initiation of insolvency resolution process for individuals and partnership firms. The hearing was conducted in hybrid mode (physical and video conference) before a bench consisting of Justice Jyotsna Sharma (Member Judicial) and Ms. Anu Jagmohan Singh (Member Technical). Representation included advocates for both the applicant and respondent parties.
Final Outcome
The NCLT adjourned the hearing and listed the matter for the next date of 20.07.2026. This adjournment was made specifically on the request and with the consent of both sides involved in the proceedings. No substantive rulings or decisions on the merits of the insolvency petition were made in this order.
Topics: Insolvency Proceedings, Banking Litigation, NCLT Adjournment