Authority: National Company Law Tribunal, Bengaluru Bench
Order Date: 09 October 2026
Case Overview
The State Bank of India filed a petition under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 against Naseer Ahmed. The matter was heard by a bench comprising Hon'ble Member (Judicial) Shri. Sunil Kumar Aggarwal and Hon'ble Member (Technical) Shri. Radhakrishna Sreepada. The bankruptcy trustee appeared during the proceedings. Two interlocutory applications (IA (IBC) 1045/2026 and 1047/2026) were also part of the hearing alongside the main petition (CP(IB) No. 07/BB/2021).
Final Outcome
The NCLT Bench ordered the adjournment of both interlocutory applications along with the main petition. The next hearing is scheduled for 30 November 2026. No substantive decisions on the merits of the case were made in this order.
Topics: Insolvency Proceeding, Banking Dispute, NCLT Adjournment