State Bank of India vs Vijay Latha Jain Adjournment

Authority: National Company Law Tribunal, Hyderabad Bench - II

Order Date: June 16, 2026

Case Overview

The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard Company Petition IB/156/95/HDB/2023 filed under Section 95 of the Insolvency and Bankruptcy Code (IBC). The petition was filed by State Bank of India as the petitioner against respondent Vijay Latha Jain, who appears to be a personal guarantor. The hearing was conducted in hybrid mode (virtual and physical) before a bench comprising Judicial Member Shri Rajeev Bhardwaj and Technical Member Shri Sanjay Puri. Legal representation was present for both parties: Mr. VVSN Raju and Ms. Aishwarya represented the petitioner (State Bank of India), while Mr. Sunil Fernandes (Senior Counsel) along with Mr. D. Pavan Kumar, Ms. Renuka Iyer, and Mr. Aman Agarwal represented the respondent/personal guarantor.

Final Outcome

The matter was adjourned for further hearing to June 30, 2026. No substantive decisions or rulings were made in this hearing, which served as a procedural adjournment.

Topics: Insolvency Proceedings, Banking Litigation, NCLT Adjournment