Authority: National Company Law Tribunal, New Delhi Bench (Court - II)
Order Date: June 11, 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi Bench heard an application filed by State Bank of India (SBI) against Kawaljit Singh under Section 95 of the Insolvency and Bankruptcy Code, 2016. The matter was listed under item numbers IB-20/ND/2023 with interconnected applications IA-965/ND/2026, IA-926/ND/2026, and IA-2150/ND/2026. The hearing was conducted through hybrid mode (virtual conference and physical appearance). Representatives for the respondent (Rakesh Kumar Bajaj) and the bankruptcy trustee (Advocates Shivam Goel and Muskan Jain) were present. The bench comprised Hon'ble Member (Judicial) Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Atul Chaturvedi.
Final Outcome
The tribunal adjourned the hearing due to time constraints, noting that "It is already 1:00 pm. No time left." The matter has been relisted for the next hearing on July 20, 2026. No substantive proceedings or decisions on the merits of the insolvency application occurred during this session.
Topics: Insolvency Proceeding, Banking Litigation, NCLT Adjournment