NCLT Adjourns Sindhu Cargo Insolvency Petition

Authority: National Company Law Tribunal, Bengaluru Bench

Order Date: 09.10.2026

Case Overview

The National Company Law Tribunal (NCLT), Bengaluru Bench, comprising Hon'ble Member (Judicial) Shri. Sunil Kumar Aggarwal and Hon'ble Member (Technical) Shri. Radhakrishna Sreepada, heard IA (Liq.) PR 142/2026 in CP(IB) No. 71/BB/2023. The matter involves Union Bank of India as the petitioner against M/s Sindhu Cargo Services Pvt Ltd as the respondent. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, indicating a financial debt dispute. During the hearing on October 9, 2026, no counsels were present for either the petitioner or the respondent.

Final Outcome

The Bench ordered that the Interlocutory Application (IA) be listed along with the main petition on November 19, 2026, effectively adjourning the matter for further hearing.

Topics: Insolvency Proceedings, Banking Debt, Corporate Litigation