NCLT Kolkata Adjourns SBI vs Sudarshan Das Mundhra

Authority: National Company Law Tribunal, Kolkata Bench - Court II (Special Bench)

Order Date: 29th June 2026

Case Overview

The National Company Law Tribunal (NCLT) Kolkata Bench heard matter CP (IB)/148(KB)2024 along with interim applications IA(I.B.C)/168(KB)2026 and IA(I.B.C)/15(KB)2026. The petition was filed by State Bank of India against Sudarshan Das Mundhra under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The matter represents an insolvency proceeding initiated by the financial creditor (SBI) against an individual debtor. Counsel for the petitioner, Mr. Rishav Banerjee and Ms. Zeba Khan, appeared through physical or virtual means.

Final Outcome

The Special Bench comprising Hon'ble Member (Judicial) Shri Cheekati Radha Krishna and Hon'ble Member (Technical) Ms. Rekha Kantilal Shah noted that the regular bench was unavailable on the hearing date. Consequently, the matter was adjourned and listed for next hearing before the regular bench on 20th July, 2026. No substantive orders were passed on the merits of the case.

Topics: Insolvency Proceeding, Banking Litigation, NCLT Adjournment