Case Details
Case Name: State Bank of India vs M/s. Kannu Aditya (India) Ltd
Court/Authority: National Company Law Tribunal, New Delhi Principal Bench
Case Number: IB-1275(PB)/2018
Order Date: May 26, 2026
Legal Provision: Section 7 of Insolvency & Bankruptcy Code, 2016 (CIRP)
Parties Involved
Petitioner: State Bank of India
Respondent: M/s. Kannu Aditya (India) Ltd
Representation:
- For SBI: Mr. Ankur Mittal, Ms. Sabhya Jain, Advocates
- For RP: Mr. Iswar Mohapatra, Advocate for R1-R3
Tribunal Bench:
- Justice Anupinder Singh Grewal, Hon'ble President
- Shri Ravindra Chaturvedi, Hon'ble Member (Technical)
Proceedings
Hearing Type: Hybrid Hearing (Physical & VC)
Current Applications: IA-3697/2022, IA-3715/2022
Key Development: Learned Counsel for the Applicant sought permission to comply with the earlier order dated March 16, 2026.
Final Ruling & Enforcement
The Tribunal has listed the matter for next hearing on August 4, 2026. The order grants permission to comply with the previous order dated March 16, 2026.
The case continues to be under the Corporate Insolvency Resolution Process (CIRP) as initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016.