Authority: National Company Law Tribunal Chandigarh Bench (Court - II)
Order Date: 9 June 2026
Case Overview
The National Company Law Tribunal Chandigarh Bench heard matter IA(I.B.C)/1274(CH)2024 and CP (IB) No. 21/Chd/Pb/2022, which involves Punjab National Bank as the petitioner and Sneh Lata Saluja as the respondent. The case is being heard under Sections 95 and 60(5) of the Insolvency and Bankruptcy Code, 2016. During the hearing on 9 June 2026, no representatives appeared for the applicant (Punjab National Bank).
Final Outcome
Due to paucity of time, the matter could not be taken up for hearing on 9 June 2026. The NCLT has adjourned the case to 11 September 2026 for further proceedings. No substantive hearing or decision was made in this session.
Topics: Insolvency Proceedings, Banking Litigation, NCLT Adjournment