Authority: National Company Law Tribunal, New Delhi Court-V
Order Date: 06 July 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi Court-V heard Interim Application No. IA-4632/2022 in the main matter (IB)-495(PB)/2022. The application was filed by State Bank of India as the applicant against Mrs. Suman Jain as the respondent under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC). The matter was heard through hybrid mode (physical and video conference) before a bench comprising Shri Manni Sankariah Shanmuga Sundaram (Hon'ble Member Judicial) and Ms. Reena Sinha Puri (Hon'ble Member Technical).
Representation was present for all parties: Adv. Samyak Bilala appeared for the applicant (State Bank of India), Adv. Henna George appeared for the PG (likely Provisional Administrator or similar), and Mr. Vibhor Mathur along with Ms. Pratika Agarwal appeared for the RP (Resolution Professional).
The tribunal noted that due to paucity of time, the matter could not be fully heard on the scheduled date.
Final Outcome
The NCLT adjourned the hearing and listed the matter for the next date of hearing on 03 August 2026. The order was signed by Ms. Reena Sinha Puri, Member (Technical). The proceedings remain pending without any substantive decision on the merits of the insolvency application.
Topics: Insolvency Proceeding, Banking Dispute, Legal Adjournment