Authority: National Company Law Tribunal, New Delhi Court-IV
Order Date: 10 July 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Court-IV, heard matter IA/1196/ND/2025 and IA/866/ND/2022 in the main case IB/707/ND/2021. The case involves Siemens Financial Services Private Limited as the applicant versus Amit Jain as the respondent under Section 95(1) of the Insolvency & Bankruptcy Code, 2016. The hearing was conducted in hybrid mode (physical and video conference) with legal representation from both parties present. For the applicant, advocates Mr. Asav Rajan, Mr. Kashish Chadha, and Mr. Raghav Bansal appeared. For the respondent, advocates Shankari Mishra and Niti Khanna appeared. The Resolution Professional was represented by advocates Samar Vijay Singh and Prashant Sharma. The bench comprised Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Shri Atul Chaturvedi.
Final Outcome
The NCLT adjourned the case to 6 August 2026 due to paucity of time during the current hearing session. The order was signed by Member (Technical) Shri Atul Chaturvedi.
Topics: Insolvency Proceeding, NCLT Hearing, Case Adjournment