Case Details
- Case Name: State Bank of India vs Madhu Jain
- Court/Authority: National Company Law Tribunal, New Delhi Bench (Court - II)
- Case Numbers: IB-478/ND/2023 with connected applications IA-1586/ND/2026, IA-1588/ND/2026, IA-1589/ND/2026, IA-5216/ND/2025
- Legal Provision: Section 95(1) of the Insolvency and Bankruptcy Code, 2016
- Order Date: 20 May 2026
Parties Involved
Petitioner/Applicant: State Bank of India
Respondent: Madhu Jain
Legal Representation:
- For Applicant: Pratika Agarwal, Advocate
- For Respondent: Adv Pankaj Agarwal & Shashwat Srivastava (for Respondent No.2 in IA-1589/2026)
- For Resolution Professional: Adv Rachit Mittal, Adv Parish Mishra, Adv Kanishk Raj, Adv Srishti Agrawaal, Adv Abhishek Sinha, and Adv Shivansh Bansal
- For Bankruptcy Trustee: Adv. Amit Prakash
Bench:
- Hon'ble Member (J): Ashok Kumar Bhardwaj
- Hon'ble Member (T): Atul Chaturvedi
Hearing Details
- Mode: Virtual Court and Physical (Hybrid) Mode
- Current Status: Matter adjourned due to time constraints (already 1:00 PM)
- Next Hearing Date: 08 July 2026
Final Ruling & Enforcement
The matter was simply adjourned to 08 July 2026 with no substantive orders passed. The hearing was rescheduled due to time constraints with no findings, observations, or determinations made on the merits of the case.