Authority: National Company Law Tribunal, New Delhi Court-V
Order Date: 06 July 2026
Case Overview
This is an interim application (IA-4630/2022) filed within the main insolvency proceeding (IB-496(PB)/2022). The application was filed by State Bank Of India (Applicant) against Mrs. Kamla Jain (Respondent) under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC). The matter came up for a hybrid hearing (physical and video conference). Representatives for the Applicant, the Proposed Resolution Professional (PG), and the Resolution Professional (RP) were present.
Final Outcome
The bench, due to a paucity of time, did not hear the matter on its merits and passed an order adjourning the hearing. The case has been relisted for the next hearing on 3rd August 2026.
Topics: Insolvency Proceeding, NCLT, Banking