Authority: National Company Law Tribunal, New Delhi Court-IV
Order Date: 10th June 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Bench-IV, heard an interlocutory application (IA/1459/ND/2025) in the main insolvency petition (IB/562/ND/2024). The application was filed under Section 95 of the Insolvency and Bankruptcy Code, 2016. The applicant is IDBI Trusteeship Services Ltd., and the respondent is Sachin Jain. The hearing was conducted in a hybrid mode (physical and video conference). Legal representatives for both parties were present: Mr. Pranjit Bhattacharya, Ms. Salonee Shukla, and Ms. Shalini Singh for the applicant; Adv. Aman Raj Singh for the respondent; and Adv. Abhirup Das Gupta, Adv. Rahul Gupta, Adv. Vagisha Tiwari, and Adv. Rahul Dadhich for the Resolution Professional.
Final Outcome
Due to a paucity of time, the Hon'ble Bench, comprising Member (Judicial) Shri Mahendra Khandelwal and Member (Technical) Shri Atul Chaturvedi, adjourned the case. The next hearing is scheduled for 20th July 2026. The order was signed by Member (Technical) Shri Atul Chaturvedi.
Topics: Insolvency Proceeding, NCLT Hearing, Adjournment