Case Details
Case Name: Punjab National Bank vs Rishi Ganga Power Corporation Ltd.
Court/Authority: National Company Law Tribunal, Chandigarh Bench (Court – II)
Case Number: COMP.APPL(IBC)/442(CH)2018 In CP (IB) No.102/Chd/Pb/2017 (Admitted)
Date of Order: 20 May 2026
Legal Provisions: Section 7, 43, 44, 66 & 67 of the Insolvency and Bankruptcy Code, 2016
Parties Involved
Petitioner: Punjab National Bank
Respondent: Rishi Ganga Power Corporation Ltd.
Final Ruling & Enforcement
The matter was listed for hearing on 20 May 2026 (Item No. 123). However, due to paucity of time, the case could not be taken up. The NCLT has adjourned the matter to 10 August 2026 for further proceedings. No representatives were present for either party at this hearing.
This order represents a procedural adjournment without substantive hearing or decision on the merits of the insolvency application.