Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 29 June 2026
Case Overview
The matter involves proceedings under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC) filed by State Bank of India (Applicant) against Mahesh Rajpal (Respondent). The case is registered as C.P.(IB)/40(MP)2021. The hearing was presided over by a bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical).
Final Outcome
The Tribunal adjourned the matter based on a request from the applicant's counsel, Mr. Vedant Dave, who submitted that the arguing counsel was engaged before another bench. The matter has been rescheduled for the next hearing on 17 August 2026.
Topics: Insolvency Proceeding, Banking Litigation, NCLT Adjournment