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 was hearing proceedings under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The case, registered as CP(IB)/52(MP)2022, involves Prudent ARC Ltd (acting on behalf of State Bank of India) as the applicant and Mr. Manish Jainarayan Karwa as the respondent. The matter came up for hearing before a bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical).
Final Outcome
The tribunal adjourned the matter after the Court Officer informed the bench that a leave note had been received from the applicant's side (Prudent ARC Ltd). The next hearing has been scheduled for July 24, 2026. No substantive proceedings or arguments took place on this date due to the adjournment.
Topics: Insolvency Proceedings, NCLT Adjournment, Debt Recovery