Authority: National Company Law Tribunal, New Delhi Court-IV (Special Bench)
Order Date: 16 July 2026
Case Overview
The National Company Law Tribunal (NCLT) heard an Interlocutory Application (IA/418/ND/2024) in the main insolvency matter (IB/712/ND/2023). The application was filed by Indian Bank under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against the respondent, Gurleen Kaur. The matter was heard in a hybrid mode (physical and video conference). Representatives for both the respondent and the resolution professional were present.
Final Outcome
The Special Bench, comprising Member (Judicial) Shri Mahendra Khandelwal and Member (Technical) Shri Yogendra Kumar Singh, did not make a substantive ruling on the application. The sole direction issued was to adjourn the matter and list it for the next hearing on 13 August 2026 before the Regular Bench.
Topics: Insolvency Proceeding, Banking, Legal Adjournment