Authority: National Company Law Tribunal, New Delhi Court-V
Order Date: 12 June 2026
Case Overview
The National Company Law Tribunal (NCLT) heard an interim application (IA-5504/2024) within the main insolvency case (IB-572/ND/2024) filed by State Bank of India against respondent Sumit Juneja. The proceedings were conducted under Section 95 of the Insolvency and Bankruptcy Code (IBC), which deals with personal insolvency resolution processes. The matter was heard through hybrid mode (physical and video conference) before a two-member bench consisting of Judicial Member Shri Manni Sankariah Shanmuga Sundaram and Technical Member Ms. Reena Sinha Puri. Legal representatives Mr. Harshit Khare, Mr. Prafful Saini, and Mr. Ayuj Agrawal appeared on behalf of State Bank of India.
Final Outcome
The Tribunal adjourned the hearing due to paucity of time and listed the matter for the next hearing on 17 July 2026. The order was signed by Technical Member Ms. Reena Sinha Puri. No substantive decisions on the insolvency matter were made in this hearing.
Topics: Insolvency Proceeding, Banking Litigation, NCLT Hearing