SIDBI Insolvency Petition Adjourned to July 2026

This order is not relevant to stocks, companies, markets, or the economy. Below is a short summary of the judgement:

Case Summary

Parties Involved: Small Industries Development Bank of India (SIDBI) filed a petition against Sujjan Singh (son of Sukhinder Singh).

Court/Authority: National Company Law Tribunal (NCLT), Chandigarh Bench, Court-II.

Case Details: CP (IB) No. 82/Chd/Chd/2021, filed under Section 95 of the Insolvency and Bankruptcy Code, 2016.

Order Date: 19 May 2026

Nature of Case: The case involves an insolvency petition filed by a financial institution against an individual.

Final Outcome: The matter was adjourned to 28 July 2026 due to paucity of time. No parties were present for the hearing on the order date.