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/421/ND/2024) in the main insolvency matter (IB/708/ND/2023). The application was filed by Indian Bank under Section 95(1) of the Insolvency & Bankruptcy Code, 2016 against respondent Manjeet Kaur Chadha. The matter was heard by a special bench consisting of Member (Judicial) Shri Mahendra Khandelwal and Member (Technical) Shri Yogendra Kumar Singh. The hearing was conducted in hybrid mode (physical and video conference). The respondent was represented by Advocate Ashutosh Kumar, while the resolution professional was represented by multiple advocates including Rajiv Malik, Ms Pratiksha Singh, Ms Mansi Aggarwal, Arun Kumar Verma, and Ms Anushka Shukla.
Final Outcome
The tribunal adjourned the matter and listed it for the next hearing on 13 August 2026 before the regular bench. No substantive decisions or observations on the merits of the case were recorded in this order.
Topics: Insolvency Proceedings, Banking Litigation, NCLT Adjournment