Case Details
Case Name: State Bank of India vs Waseem Ahmad Khan
Court/Authority: National Company Law Tribunal, New Delhi Principal Bench
Case Number: IB-951(PB)/2020
Order Date: May 20, 2026
Matter: Order under Section 95(1) of Insolvency & Bankruptcy Code, 2016 in Bankruptcy
Parties Involved
Petitioner: State Bank of India
Represented by: Mr. Karan Kohli and Ms. Aanya Gupta, Advocates (Trustee)
Respondent: Waseem Ahmad Khan
Represented by: Mr. Raghuvir Kapoor, Advocate (Appearance not marked)
Tribunal Composition: Justice Anupinder Singh Grewal (Hon'ble President) and Shri Ravindra Chaturvedi (Hon'ble Member - Technical)
Issues / Allegations / Violations
The case involves bankruptcy proceedings initiated by State Bank of India against Waseem Ahmad Khan under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The specific nature of the debt or violation is not detailed in this procedural order.
Findings & Observations
The Tribunal noted that Mr. Raghuvir Kapoor, counsel for the respondent, submitted that a reply has been filed but it is not on record. No substantive findings or observations on the merits of the case are made in this order.
Penalties / Settlements / Directions
No penalties or settlements are ordered in this proceeding. The Tribunal directed the respondent's counsel to take necessary steps to bring the filed reply on record.
Corrective Actions & Future Obligations
The respondent's counsel is obligated to ensure the filed reply is properly brought on record before the next hearing date.
Final Ruling & Enforcement
The matter has been adjourned and listed for further hearing on June 8, 2026. The order is procedural in nature and does not contain a final ruling on the substantive bankruptcy matter.