Authority: National Company Law Tribunal, Bengaluru Bench (Special Bench)
Order Date: 29 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Bengaluru Bench heard a petition filed by Indian Bank under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/s Mantri Homes Pvt Ltd. The petition was listed as CP(IB) No. 256/BB/2024. The bench consisted of Shri Sunil Kumar Aggarwal (Member Judicial) and Shri Banwari Lal Meena (Member Technical). Indian Bank was represented by M/s. Conscientia Law Associates, while the respondent, Mantri Homes Pvt Ltd, was represented by Advocate Pranjali Sharma.
During the proceedings, it was informed that a connected matter involving the same question of debt against the Corporate Debtor (Mantri Homes Pvt Ltd) had been filed under Section 10(A) before the Hon'ble National Company Law Appellate Tribunal (NCLAT), Chennai on 21 July 2026. The exact nature of this connected matter or the specific debt amount was not detailed in the order.
Final Outcome
The NCLT Bengaluru Bench decided to adjourn the matter and list it for next hearing on 01 September 2026. The adjournment was granted to await the outcome of the connected matter pending before the NCLAT Chennai. No decision on the admission or dismissal of the insolvency petition was made in this order.
Topics: Insolvency Proceeding, Banking Debt, Legal Adjournment