NCLT Adjourns Prudent ARC vs Karwa Insolvency Proceeding

Authority: National Company Law Tribunal, Indore Bench, Court No. 1

Order Date: 22/06/2026

Case Overview

The National Company Law Tribunal (NCLT) Indore Bench was hearing a matter registered as CP(IB)/47(MP)2022, which is a proceeding under Section 95 of the Insolvency and Bankruptcy Code (IBC). The case involves Prudent ARC Ltd (assignee of State Bank of India) as the applicant and Mrs. Suvarna Vishnu 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 proceedings, the applicant was not present, but the respondent was represented by Advocate Mr. Kunal P. Vaishnav (appearing online).

Final Outcome

The Tribunal adjourned the matter after the Court Officer informed that a leave note had been received from the applicant's side. The case has been rescheduled and will next be listed on 24.07.2026.

Topics: Insolvency Proceeding, NCLT Adjournment, Individual Debt