Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 08/06/2026
Case Overview
This matter involves proceedings under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016, with case number C.P.(IB)/44(MP)2021. The applicant is State Bank of India, and the respondent is Mukul Mahendru. The bench consisted of Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical).
During the hearing, the respondent's proxy counsel, Ms. Disha Nanda (appearing online), requested a final adjournment on the grounds that the arguing counsel was unavailable. The applicant's counsel, Mr. Rituraj Meena and Mr. Mandeep Singh Saluja (both appearing online), opposed this request, noting that written submissions had already been filed by both parties.
Final Outcome
The Tribunal granted a final adjournment to the respondent, listing the matter for further consideration on July 1, 2026. However, the order explicitly states that if the arguing counsel remains unavailable on the next hearing date, the matter shall proceed in accordance with law without granting any further adjournment. The order was signed by both members of the bench.
Topics: Insolvency Proceedings, Banking Litigation, NCLT Adjournment