Authority: National Company Law Tribunal, New Delhi Court - IV
Order Date: July 10, 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Court-IV, heard an application filed by IDBI Bank Ltd under Section 95 of the Insolvency and Bankruptcy Code, 2016 against respondent Ajay Chandra. The matter was listed as Item No. 421 IB/812/ND/2024. The bench comprised Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Shri Atul Chaturvedi. The hearing was conducted in hybrid mode (physical and video conference). IDBI Bank was represented by advocates Mr. Praful Jindal and Mr. Kumar Arnav Singh Deo.
Final Outcome
The tribunal adjourned the matter due to paucity of time. The next hearing has been scheduled for August 6, 2026. The order was signed by Member (Technical) Shri Atul Chaturvedi.
This content may not be financially relevant as it represents a procedural adjournment without substantive decision on the insolvency application.