Authority: National Company Law Tribunal, Bengaluru Bench
Order Date: October 9, 2026
Case Overview
The National Company Law Tribunal (NCLT), Bengaluru Bench, comprising Judicial Member Shri Sunil Kumar Aggarwal and Technical Member Shri Radhakrishna Sreepada, heard matters related to IA (IBC) 1051/2026 in CP(IB) No. 117/BB/2026. The petition was filed by Canara Bank (Arm Branch II) against Ms. Prashasthi Jain under Section 121 of the Insolvency and Bankruptcy Code, 2016. Counsel Shri Sachin appeared for the Resolution Professional. The order represents a procedural update in ongoing insolvency proceedings.
Final Outcome
The tribunal ordered that the Interim Application (IA) along with the main petition be listed for the next hearing on December 7, 2026. This constitutes an adjournment of the proceedings.
Topics: Insolvency Proceedings, Banking Sector, NCLT