Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 08/06/2026
Case Overview
The matter involves proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The case reference is TP 82 of 2019 [CP(IB) 500 of 2018]. The applicant is Prudent ARC Ltd (acting for State Bank of India) and the respondent is Krishidhan Seeds Pvt Ltd. The bench comprised Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical).
During the hearing, the learned proxy counsel for the applicant, Ms. Ananya Pandey (appearing for Mr. Shantnu Chourasia), submitted that the arguing counsel was unavailable due to personal difficulties and requested a short accommodation. The respondent was represented by Mr. Kunal P. Vaishanav, who appeared online.
Final Outcome
The tribunal granted the adjournment as requested by the applicant's counsel. The matter has been listed for further consideration on 24th July 2026. No substantive hearing on the merits of the insolvency application took place during this session.
Topics: Insolvency Proceeding, Corporate Debt, Legal Adjournment