Authority: National Company Law Tribunal, Kolkata Bench
Order Date: 16th June 2026
Case Overview
The National Company Law Tribunal (NCLT), Kolkata Bench, comprising Hon'ble Member (Judicial) Smt. Bidisha Banerjee and Hon'ble Member (Technical) Ms. Rekha Kantilal Shah, heard an interlocutory application numbered IA(I.B.C)/784(KB)2026. This application is part of the main insolvency petition C.P. (IB)/265(KB)2024, filed by Aditya Birla Finance Limited (the financial creditor) against Mr. Arindam Bera (the debtor/individual). The proceedings were initiated under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 (IBC), which pertains to the initiation of an insolvency resolution process for individuals and partnership firms.
During the hearing, Ms. Barnisha Samanta, Advocate, appeared for the applicant (Aditya Birla Finance Limited), and Mr. Saurav Jain, Advocate, appeared for the Resolution Professional (RP). The bench heard the arguments presented and subsequently reserved the matter for orders, meaning a final decision will be pronounced at a later date.
Final Outcome
The final ruling on the application is pending as the matter has been reserved for orders. The Tribunal did not issue any immediate directions, penalties, or approvals during this hearing. The practical consequence is that the insolvency resolution process against Mr. Arindam Bera, sought by Aditya Birla Finance Limited, remains undecided awaiting the Tribunal's final order.
Topics: Insolvency Proceeding, NCLT Order, Financial Creditor