Authority: National Company Law Tribunal, New Delhi Bench (Court - II)
Order Date: June 8, 2026
Case Overview
The Small Industries Development Bank of India (SIDBI) filed an insolvency petition against Shri Puneet Jain under Section 95 of the Insolvency and Bankruptcy Code, 2016. The matter was heard by a bench comprising Hon'ble Member (J) Ashok Kumar Bhardwaj and Hon'ble Member (T) Atul Chaturvedi. Legal representation was present for all parties: Adv. Rajan Hans Kumar represented the respondent (Puneet Jain), and Adv. Ayushi Gupta represented the Resolution Professional. The hearing was conducted through hybrid mode (VC and Physical).
Final Outcome
The Tribunal adjourned the matter without passing any substantive order, citing "No time left." The case was listed for the next hearing on July 23, 2026. The order was signed by both members of the bench.
Topics: Insolvency Proceedings, Financial Institution Litigation