Authority: National Company Law Tribunal Kolkata Bench - Court II
Order Date: 29 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Kolkata Bench heard an interlocutory application [IA(I.B.C)/822(KB)2026] in the matter of Punjab National Bank versus Binani Industries Limited. The proceedings were conducted under Section 7 of the Insolvency and Bankruptcy Code (IBC). The matter was heard by a special bench consisting of Hon'ble Member (Judicial) Shri Cheekati Radha Krishna and Hon'ble Member (Technical) Ms. Rekha Kantilal Shah. Counsel for the applicant in IA 822/26 included Mr. Suvradal Choudhury, Mr. Raghav Gupta, and Ms. Treesa Benny, who appeared either physically or virtually.
Final Outcome
The bench adjourned the hearing of the interlocutory application and listed it for the next hearing on 01 July 2026, noting that the main matter [C.P. (IB)/46(KB)2025] is scheduled for that date. No substantive decisions or rulings were made in this hearing.
Topics: Insolvency Proceedings, Corporate Debt, Banking Dispute