Authority: National Company Law Tribunal Chandigarh Bench (Court - I)
Order Date: 09.06.2026
Case Overview
The National Company Law Tribunal Chandigarh Bench has adjourned proceedings in case CP(IB) No. 143/Chd/Hry/2022. The matter involves State Bank of India as the petitioner filing an insolvency petition against respondent Vinod Kumar Gupta under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The petition represents a financial creditor initiation against an individual debtor.
Final Outcome
The matter was not taken up on the scheduled date of June 9, 2026, due to paucity of time. The Tribunal has adjourned the proceedings to August 25, 2026, for further hearing. No substantive hearing or decision on the merits of the case occurred during this proceeding.
Topics: Insolvency Proceeding, Banking Litigation, NCLT Adjournment