Authority: National Company Law Tribunal, New Delhi Principal Bench
Order Date: 06.07.2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Principal Bench, heard matters related to State Bank of India's petition filed under Section 95(1) of the Insolvency & Bankruptcy Code, 2016 against Mr. Brij Bhushan Singal. The petition seeks initiation of insolvency resolution process against the respondent. The hearing was conducted in hybrid mode (physical and video conference) with legal representatives from all parties present. For the Resolution Professional, Mr. Rishabh Jain, Advocate appeared along with Mr. Amit Jain, Insolvency Professional. For State Bank of India, Mr. S.L. Gupta, Advocate appeared. For the Respondent (Mr. Brij Bhushan Singal), Mr. Sudhir Kr. Makkar, Senior Advocate appeared along with Ms. Ranjana Roy Gawai, Ms. Vasudha Sen, Mr. Vinee Wadhwa, and Ms. Sumiya Gupta, Advocates.
Final Outcome
The NCLT Bench comprising Justice Anupinder Singh Grewal (Hon'ble President) and Shri Ravindra Chaturvedi (Hon'ble Member - Technical) adjourned the matter and listed it for next hearing on 25.08.2026. The order specifically mentions that two interlocutory applications (IA-2584/2024 and IA-6041/2024) are pending in the matter. The case remains ongoing with no final determination on the insolvency petition at this stage.
Topics: Insolvency Proceedings, Banking Litigation