Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: June 9, 2026
Case Overview
This proceeding involves Interim Application (IA) No. 399 of 2025 filed within the main insolvency case CP(IB)/40(MP)/2021. The matter is between applicant Mahesh Rajpal and respondent State Bank of India, heard under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The tribunal bench comprised Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical). Representatives for both parties appeared online, with Ms. Soumya Dharwa representing the applicant, Mr. Nipun Singhvi representing the respondent State Bank of India, and Mr. Sajjan Dokania appearing as the Resolution Professional in person.
During the proceedings, learned representatives of both parties confirmed that all pleadings in the matter have been completed. The tribunal did not address the substantive merits of the case or the nature of the interim application in this order.
Final Outcome
The NCLT Indore Bench directed both parties to file their respective written submissions within one week from the order date. The matter has been adjourned and listed for next hearing on June 29, 2026. No substantive decisions on the application were rendered in this order.
Topics: Insolvency Proceeding, Banking Dispute, NCLT Hearing