Authority: National Company Law Tribunal, New Delhi Principal Bench
Order Date: 08.06.2026
Case Overview
The National Company Law Tribunal (NCLT) heard an application filed by IndusInd Bank under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The petition was filed against Jaideep Singh Johar, seeking initiation of a Personal Insolvency Resolution Process (PIRP). The matter was heard in a hybrid hearing (physical and video conference) by a bench comprising Justice Anupinder Singh Grewal (Hon'ble President) and Shri Ravindra Chaturvedi (Hon'ble Member - Technical). The applicant/Resolution Professional was represented by advocates Mr. Iswar Mohapatra and Mr. Animesh Pandey.
Final Outcome
The bench heard the arguments and reserved its order on the matter. The final ruling on whether to admit or reject the petition for initiation of a personal insolvency resolution process against Jaideep Singh Johar is pending and will be delivered at a later date.
Topics: Banking Insolvency, NCLT Proceeding, Debt Recovery