SBI Forex Fastners Insolvency Petition Adjourned

Authority: National Company Law Tribunal Chandigarh Bench (Court - II) Special Bench

Order Date: 13.07.2026

Case Overview

The State Bank of India (Petitioner) filed an insolvency petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Forex Fastners Private Limited (Respondent). The matter was listed as IA(I.B.C)/1304 (CH)2025 and CP (IB) No. 28/Chd/Pb/2025 before the special bench comprising Hon'ble Member (Technical) Shri Shishir Agarwal and Hon'ble Member (Judicial) Shri K. Biswal. Mr. Pulkit Goyal, Advocate, represented the petitioner. The application was filed under Section 60(5) of the IBC, 2016.

Final Outcome

The special bench adjourned the matter and listed both the application (IA(I.B.C)/1304 (CH)2025) and the main petition (CP (IB) No. 28/Chd/Pb/2025) for hearing before the regular bench on 09.09.2026.

Topics: Insolvency Proceeding, Banking Sector, NCLT