Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 08/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Indore Bench heard Interlocutory Application No. IA/354(MP)2023 in Transfer Petition (TP) 82 of 2019, which originates from Company Petition (CP(IB)) 500 of 2018. The proceedings are under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, involving M/s Krishidhan Seeds Pvt Ltd as the Applicant and State Bank of India as the Respondent. The matter was listed for consideration before the bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical).
During the hearing, the proxy counsel for State Bank of India (Respondent) informed the tribunal that the arguing counsel was unavailable due to personal difficulties and requested a short accommodation (adjournment) of the matter. The applicant's counsel did not oppose this request.
Final Outcome
The NCLT bench granted the adjournment as requested. The matter has been rescheduled for further consideration on 24th July 2026. This order represents a procedural adjournment without any substantive decision on the merits of the case.
Topics: Corporate Insolvency, Banking Litigation