Authority: National Company Law Tribunal, New Delhi Court-IV
Order Date: 10 June 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Court-IV, heard an insolvency application filed by IDBI Bank Limited against Mr. Sandeep Sharma under Section 95(1) of the Insolvency & Bankruptcy Code, 2016. The case was listed as Item No. 420 IB/635/ND/2024. The hearing was conducted in hybrid mode (physical and video conference). The applicant, IDBI Bank Limited, was represented by Advocate Shivam Takkar. The respondent, Mr. Sandeep Sharma, was represented by Advocate Arun Saxena along with Advocate Ajay Kanojiya. The bench comprised Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Shri Atul Chaturvedi.
Final Outcome
The NCLT adjourned the case to 20 July 2026 due to paucity of time. The order was signed by Member (Technical) Shri Atul Chaturvedi.
Topics: Insolvency Proceedings, Banking Litigation