Authority: National Company Law Tribunal Chandigarh Bench (Court - II)
Order Date: 09.06.2026
Case Overview
The matter before the tribunal was CP (IB) No. 19/Chd/Pb/2022, an application filed by Punjab National Bank against Neeraj Saluja under Section 95 of the Insolvency and Bankruptcy Code, 2016. The case represents initiation of insolvency resolution proceedings against an individual.
Final Outcome
The matter was not taken up for hearing on 09.06.2026 due to paucity of time. No representative appeared for the applicant (Punjab National Bank) during the proceedings. The court officer adjourned the case to 11.09.2026 for further proceedings.
Topics: Insolvency Proceedings, Banking Litigation, NCLT Adjournment