SBI Factors Files Insolvency Petition Against Sneh Polymers

SBI Factors Ltd. filed an insolvency petition under Section 7 of IBC, 2016 against corporate debtor Sneh Polymers Pvt. Ltd.
The National Company Law Tribunal, Jaipur Bench, heard the case via video conferencing with both parties represented.
The Corporate Debtor's reply was filed but is under defects, with one week given to cure them before the next hearing.
The matter is posted for arguments on April 29, 2026, indicating ongoing preliminary proceedings in the insolvency case.