Authority: National Company Law Tribunal, Jaipur Bench
Order Date: July 06, 2026
Case Overview
The National Company Law Tribunal (NCLT), Jaipur Bench, heard matters related to Company Petition No. (IB)-98/7/JPR/2025 filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was filed by SBI Factors Ltd. as the financial creditor against Sneh Polymers Pvt. Ltd. as the corporate debtor. The bench comprised Hon'ble Ms. Reeta Kohli (Judicial Member) and Hon'ble Ms. Kavita Bhatnagar (Technical Member). The proceedings were conducted through a web-based video conferencing platform. Representation included Kastubli Gupta, Yashpal Thakur, and Mukund Pandya advocating for the petitioner (SBI Factors Ltd.), while Keshav Khandelwal represented the corporate debtor (Sneh Polymers Pvt. Ltd.).
Final Outcome
The NCLT Jaipur Bench adjourned the hearing to July 27, 2026, for arguments. The adjournment was granted on the request of the learned counsel for the respondent (corporate debtor). No substantive arguments were heard or decisions made on the merits of the insolvency application during this hearing.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debt