Authority: National Company Law Tribunal, New Delhi Bench (Court - II)
Order Date: 12 June 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi Bench heard an application (IA-2683/ND/2026) filed by State Bank of India against Jssi Hydraulics Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application sought two specific reliefs: (i) direction to the respondent (Jssi Hydraulics) to update its records reflecting details of the new management/directors and shareholders, and (ii) direction for clearance of pre-Corporate Insolvency Resolution Process (pre-CIRP) dues related to water/sewage pertaining to the corporate debtor as per the approved resolution plan.
The hearing was conducted through hybrid mode (VC and physical). Representing the applicant State Bank of India were Advocates Rishi Singhal and Reema Khanneotra. Representing Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) were Advocate Srishti Jain, Additional Advocate General Shekhar Raj Sharma, and Nidhi Narwal.
Final Outcome
Mr. Shekhar Raj, Learned Additional Advocate General for the State of Haryana, submitted on behalf of HSIIDC that the corporation was in the process of addressing the issues raised in the application and committed to completing the necessary exercise within 15 days from the order date (12 June 2026). Based on this statement and commitment, the NCLT Bench comprising Hon'ble Member (T) Atul Chaturvedi and Hon'ble Member (J) Ashok Kumar Bhardwaj disposed of the application.
Topics: NCLT, Corporate Insolvency, Resolution Plan