Authority: National Company Law Tribunal, New Delhi Court-IV (Single Bench)
Order Date: 20 July 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Court-IV, heard an application filed by IDBI Trusteeship Services Ltd. against Rishi Gupta under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The matter was listed as IA/1518/ND/2025 in IB/467/ND/2024. The hearing was conducted in hybrid mode (physical and video conference) with legal representatives present for both parties. For the applicant, IDBI Trusteeship Services Ltd., representation details were not fully specified in the document. For the respondent, Rishi Gupta, advocates Abhishek Anand and Sakshi Kapoor were present. The Resolution Professional was represented by advocates Abhirup Dasgupta, Rahul Gupta, Vagisha Tiwari, and Rahul Dadhich. The Hon'ble Member (Judicial) Shri Mahendra Khandelwal presided over the proceedings.
Final Outcome
The Tribunal ordered that the matter be listed for the next hearing on 20 August 2026 before the Division Bench. No substantive decision on the merits of the insolvency application was made in this order, which appears to be a procedural listing for further proceedings.
Topics: Insolvency Proceeding, Individual Debt Resolution, NCLT Hearing