Authority: National Company Law Tribunal, New Delhi Principal Bench
Order Date: 13 July 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi Principal Bench heard matters related to case IB-951(PB)/2020, involving State Bank of India as the petitioner and Waseem Ahmad Khan as the respondent. The proceedings were initiated under Section 95(1) of the Insolvency & Bankruptcy Code, 2016. The hearing was conducted in hybrid mode (physical and video conference).
Final Outcome
The tribunal ordered that the new application (IA-3040/2026) be listed along with the main matter, which is scheduled to be heard on 29 July 2026. The order effectively adjourns the proceedings to the later date.
Topics: Bankruptcy Proceedings, NCLT Order, Banking Debt