Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: June 22, 2026
Case Overview
The National Company Law Tribunal (NCLT) Indore Bench heard matter CP(IB)/46(MP)2022, a proceeding under Section 95 of the Insolvency and Bankruptcy Code (IBC). The case involves Prudent ARC Ltd (acting on behalf of State Bank of India) as the applicant against Mrs. Sudha Sushil Karwa as the respondent. The bench comprised Hon'ble Shri Brajendra Mani Tripathi (Member - Judicial) and Hon'ble Shri Man Mohan Gupta (Member - Technical). During the hearing, the applicant was not present, but the respondent was represented by Advocate Mr. Kunal P. Vaishnav, who appeared online.
Final Outcome
The Court Officer informed the bench that a leave note had been received from the applicant's side, indicating their absence. Consequently, the tribunal adjourned the matter. The case has been rescheduled and will next be listed for hearing on July 24, 2026.
Topics: Insolvency Proceeding, NCLT Hearing, Adjournment