Authority: National Company Law Tribunal, New Delhi Bench (Court-II)
Order Date: 12 June 2026
Case Overview
The matter involves a petition filed by Lekhraj Bajaj (Applicant/Petitioner) against the Insolvency and Bankruptcy Board of India (Respondent). The proceedings are being conducted under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, which pertains to application for bankruptcy by individuals and partnership firms. The hearing was conducted through hybrid mode (VC and physical). The bench comprised Hon'ble Member (Judicial) Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Atul Chaturvedi. Advocate Mohak Sharma represented the Applicant/Liquidator.
Final Outcome
The hearing was adjourned due to time constraints as it was already 1:00 PM when the matter was taken up. The tribunal has listed the matter for the next hearing on 30 July 2026.
Topics: NCLT Proceedings, Personal Insolvency, Adjournment