State Bank of India vs Prem Pal Bhayana Adjournment

Authority: National Company Law Tribunal, New Delhi Court-V

Order Date: 12 June 2026

Case Overview

The National Company Law Tribunal (NCLT), New Delhi Court-V, heard Interim Application No. IA-5479/2024 in the main matter IB-573/ND/2024. The application was filed by State Bank of India as the applicant against respondent Prem Pal Bhayana under Section 95 of the Insolvency and Bankruptcy Code (IBC). The matter was heard through a hybrid mode (physical and video conference). The bench comprised Hon'ble Member (Judicial) Shri Manni Sankariah Shanmuga Sundaram and Hon'ble Member (Technical) Ms. Reena Sinha Puri. Counsel for State Bank of India included Mr. Harshit Khare, Mr. Prafful Saini, and Mr. Ayuj Agrawal.

Final Outcome

Due to paucity of time, the tribunal adjourned the matter and listed it for the next hearing on 17 July 2026. The order was signed by Member (Technical) Ms. Reena Sinha Puri.

Topics: Insolvency Proceeding, Banking Litigation, NCLT Adjournment