Authority: National Company Law Tribunal, New Delhi Bench (Court – II)
Order Date: 08 June 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Bench, was hearing an application filed by State Bank of India (SBI) against Mr. Sanjay Jain. The application was filed under Section 99 read with Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The matter was listed under item number IB-561/ND/2022 and IA-2784/ND/2025. The hearing was conducted in a hybrid mode, both through video conference and physical appearance. Advocate Niti Khanna was present for the respondent. The two-member bench comprised Hon'ble Member (Judicial) Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Atul Chaturvedi.
Final Outcome
The bench noted that there was no time left to hear the matter on the scheduled date. Consequently, the hearing was adjourned and the case was listed for the next hearing on 23 July 2026.
Topics: Insolvency Proceeding, Hearing Adjournment