Authority: National Company Law Tribunal, Mumbai Bench Court II
Order Date: July 15, 2026
Case Overview
The National Company Law Tribunal (NCLT) Mumbai Bench Court II heard matter IA(IBC)(DIS.)/27(MB)2024 In TP (IBC)172(MB)2017 between SBI Global Factors Ltd (Applicant) and Sanna Syntex Pvt Ltd (Respondent). The proceedings were initiated under Section 7 of the Insolvency and Bankruptcy Code (IBC). During the hybrid hearing on July 15, 2026, no representatives appeared for either the applicant or respondent. The bench consisted of Shri Sanjiv Dutt (Member - Technical) and Shri Ashish Kalia (Member - Judicial).
Final Outcome
The tribunal released the matter from the current order and directed that the case be relisted for further arguments/hearing on August 25, 2026. No substantive decisions on the insolvency petition were made during this hearing.
Topics: Insolvency Proceedings, Corporate Debt Dispute, NCLT Hearing