Authority: National Company Law Tribunal, Kolkata Bench, Court-II
Order Date: 29th June 2026
Case Overview
The National Company Law Tribunal (NCLT), Kolkata Bench, presided over by a special bench comprising Hon'ble Member (Judicial) Shri Cheekati Radha Krishna and Hon'ble Member (Technical) Ms. Rekha Kantilal Shah, heard an interlocutory application (IA(I.B.C)/257(KB)2026) in the main company petition C.P. (IB)/114(KB)2025. The petition was filed by The Canara Bank Limited under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 (IBC) against an individual, Vibhor Kumar Singh. Counsel for the Resolution Professional, Ms. Teena Saraswatpandey, appeared for the hearing. The matter concerned an application for the initiation of the insolvency resolution process against the individual debtor.
Final Outcome
The special bench noted that the regular bench was not available to hear the matter on that day. Consequently, the tribunal passed an order adjourning the hearing. The matter has been listed for its next hearing before the regular bench on 5th August 2026. No substantive orders on the merits of the case were passed in this hearing.
Topics: Insolvency Proceeding, Banking Litigation, NCLT