Authority: National Company Law Tribunal, New Delhi Court-V (Single Bench)
Order Date: 11 June 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi heard an interlocutory application (IA(Dis.)-44/2025) in the main insolvency petition (IB-586/ND/2023) filed by Jammu and Kashmir Bank under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Ferrous Investments Pvt. Ltd. The matter was listed for hearing before Hon'ble Member (Judicial) Shri Manni Sankariah Shanmuga Sundaram. The hearing was conducted in hybrid mode (physical and video conference).
Final Outcome
The Tribunal noted that no representative appeared on behalf of the Applicant (Jammu and Kashmir Bank) at the time of hearing. Consequently, the matter has been adjourned and listed for next hearing before the Regular Bench on 04 August 2026.
Topics: Insolvency Proceedings, Banking Litigation, NCLT Adjournment