NCLT Indore Adjourns SBI vs Mahesh Rajpal Insolvency Case

Authority: National Company Law Tribunal, Indore Bench, Court No. 1

Order Date: June 9, 2026

Case Overview

This is a proceeding initiated under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC). The applicant is the State Bank of India, and the respondent is an individual, Mahesh Rajpal. The matter was heard by a bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member - Judicial) and Hon'ble Shri Man Mohan Gupta (Member - Technical). Representatives for both parties were present online, with Mr. Nipun Singhvi, Adv. for the applicant, Ms. Soumya Dharwa, Adv. for the respondent, and Mr. Sajjan Dokania, the Resolution Professional (RP-in-Person).

The learned representatives for both parties informed the bench that the pleadings in the case stand completed. No final arguments were heard, and no ruling on the merits of the application was issued during this hearing.

Final Outcome

The Tribunal directed both parties to file their respective written submissions within one week. The matter has been adjourned and is now listed for its next hearing on June 29, 2026. The order was signed by both members of the bench.

Topics: Insolvency Proceeding, NCLT Hearing