Authority: National Company Law Tribunal, New Delhi Principal Bench
Order Date: 13 July 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi Principal Bench, comprising Justice Anupinder Singh Grewal (President) and Shri Ravindra Chaturvedi (Member Technical), heard matters related to case number IB-947(PB)/2020. This is an insolvency proceeding under Section 95(1) of the Insolvency & Bankruptcy Code, 2016, where State Bank of India is the petitioner and Shagufta Khan is the respondent. The hearing was conducted in hybrid mode (physical and video conference).
Representation was noted with Mr. Raghuveer Kapur, Advocate for the applicant (though his appearance was not formally marked), and Mr. Abhishek Anand, Mr. Karan Kohli, and Ms. Ridhima Mehrotra, Advocates representing the Bankruptcy Trustee.
Final Outcome
The tribunal issued a procedural order regarding a new interlocutory application (IA-3036/2026). The bench directed that this new application be listed for hearing along with the main matter, which is scheduled to be heard on 29 July 2026. The order was signed by both members of the bench.
Topics: Insolvency Proceeding, Banking Debt, NCLT Order