NCLT Adjourns IDBI Trusteeship vs Sandeep Jain Insolvency

Authority: National Company Law Tribunal, New Delhi Court-IV (Single Bench)

Order Date: 20th July 2026

Case Overview

This interim order concerns an application (IA/1458/ND/2025) filed within the main insolvency petition (IB/489/ND/2024). The application was filed by M/s IDBI Trusteeship Services Limited against Mr. Sandeep Jain under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The nature of the underlying debt or dispute is not detailed in this procedural order. The matter was heard in a hybrid mode (physical and video conference).

Final Outcome

The Hon'ble Member (Judicial), Shri Mahendra Khandelwal, did not rule on the merits of the application. The matter was simply adjourned and listed for the next hearing on 20th August 2026 before a Division Bench.

Topics: Insolvency Proceeding, NCLT, Adjournment