SIDBI vs Radhay Sham Tandon Insolvency Petition Order

Case Details

Case Name: Small Industries Development Bank of India Vs. M/s. Radhay Sham Tandon Manufacturing Pvt Ltd.

Court/Authority: National Company Law Tribunal, New Delhi Principal Bench

Case Number: IB-1825(PB)/2019

Order Date: May 20, 2026

Parties Involved

Petitioner: Small Industries Development Bank of India (SIDBI)

Respondent: M/s. Radhay Sham Tandon Manufacturing Pvt Ltd.

Resolution Professional: Mr. Sanjeev Bindal

Bench Composition: Justice Anupinder Singh Grewal (Hon'ble President) and Shri Ravindra Chaturvedi (Hon'ble Member Technical)

Procedural Directions

The Tribunal issued the following procedural directions:

• The Resolution Professional is directed to file the hard copy of the affidavit
• The case is listed for next hearing on June 9, 2026

Legal Context

The petition has been filed under Section 7 of the Insolvency & Bankruptcy Code, 2016, initiating Corporate Insolvency Resolution Process (CIRP) proceedings.

Hearing Format

The hearing was conducted in hybrid mode (physical and video conference).