Authority: National Company Law Tribunal, Bengaluru Bench (Special Bench)
Order Date: 06.07.2026
Case Overview
The National Company Law Tribunal, Bengaluru Bench heard matters IA (IBC) 598/2026 and 600/2026 in CP(IB)No.318/BB/2025, which is a petition filed under Section 94(1) of the Insolvency and Bankruptcy Code, 2016. The petition involves NMC Healthcare & Anr. as Petitioner versus Punjab National Bank & Anr. as Respondent. The bench comprised Hon'ble Member (Judicial) Shri. Sunil Kumar Aggarwal and Hon'ble Member (Technical) Shri. Banwari Lal Meena.
During the hearing, the parties acknowledged receipt of the Resolution Professional's report and the condonation of delay application. However, counsel representing Canara Bank, London and Dubai Branch, claimed they had not been provided with these documents. The Resolution Professional's counsel assured the tribunal that the copies would be forwarded to Canara Bank's counsel.
Final Outcome
The tribunal directed that replies to the Resolution Professional's report and the condonation of delay application must be filed by the next hearing date fixed in the main petition, which is July 23, 2026. The order was signed by both members of the bench.
Topics: Insolvency Proceeding, Banking Dispute, NCLT Hearing