State Bank of India vs Dinesh Kumar Basia NCLT Hearing Postponed

Case Details

Case Name: State Bank of India (through RP) vs Sh. Dinesh Kumar Basia

Court/Authority: National Company Law Tribunal, New Delhi Bench (Court - II)

Case Number: IB-114/ND/2022 with IA-1598/ND/2026

Order Date: 20th May 2026

Legal Provision: Section 95(1) of Insolvency and Bankruptcy Code, 2016 (Corporate Insolvency Resolution Process)

Parties Involved

Petitioner/Applicant: State Bank of India (through Resolution Professional)

Respondent: Sh. Dinesh Kumar Basia

Tribunal Members: Sh. Ashok Kumar Bhardwaj (Hon'ble Member - Judicial) and Sh. Atul Chaturvedi (Hon'ble Member - Technical)

Final Ruling & Enforcement

The matter was heard through hybrid mode (VC and Physical) but could not be proceeded with due to time constraints as it was already 1:00 PM. The Tribunal has relisted the case for the next hearing on 29th June 2026. The order was signed by both members: Atul Chaturvedi (Member - Technical) and Ashok Kumar Bhardwaj (Member - Judicial).

Note: This order represents a procedural adjournment rather than a substantive decision on the merits of the insolvency application.