NCLT Adjourns Prudent ARC vs Vishnu Karwa Case

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

Order Date: 22 June 2026

Case Overview

This is a proceeding under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The application was filed by Prudent ARC Ltd (acting on behalf of State Bank of India) as the applicant against Mr. Vishnu Jainarayan Karwa as the respondent. The case is registered as CP(IB)/49(MP)2022. The matter was listed before a bench comprising 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, and the respondent was represented by Advocate Mr. Kunal P. Vaishnav, who appeared online.

Final Outcome

The Tribunal was informed by the Court Officer that a leave note had been received from the applicant's side. Consequently, the bench ordered an adjournment of the proceedings. The matter has been rescheduled and will next be heard on 24 July 2026.

Topics: Insolvency Proceeding, Legal Adjournment