Authority: National Company Law Tribunal Indore Bench Court No. 1
Order Date: 22/06/2026
Case Overview
The proceedings involve an application filed under Section 94 of the Insolvency and Bankruptcy Code (IBC) by Pravin Kumar Dadoo (Applicant) against HDFC Bank Ltd (Respondent). The matter is being heard by a bench consisting of Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical). During the hearing, the applicant's counsel, Mr. Akshat Agrawal, appeared online and submitted that notice had been duly served upon the respondent bank and that an affidavit of service had been filed on record. The respondent bank was not represented at this hearing.
Final Outcome
The Tribunal deemed service upon the respondent bank to be sufficient. However, granting one more opportunity in the interest of justice, the NCLT directed HDFC Bank Ltd to file its reply within 10 days, with an advance copy to the applicant. Upon receipt of the reply, the applicant may file a rejoinder within one week thereafter. The matter has been listed for the next hearing on July 27, 2026.
Topics: Insolvency Proceeding, Banking Dispute, NCLT Hearing