Authority: National Company Law Tribunal, Court-V, Mumbai Bench
Order Date: 09 June 2026
Case Overview
This is an order from the National Company Law Tribunal (NCLT), Mumbai Bench, in a matter pertaining to the insolvency of an individual. The petition was filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The corporate petitioner is STCI Finance Limited, represented by its Resolution Professional, Mr. Rajendra R. Agrawal. The respondent is Mr. Sanjay Laxmichand Karani.
Final Outcome
The bench, comprising Judicial Member Ashish Kalia and Technical Member Charanjeet Singh Gulati, did not hear the matter listed as IA/2145/2025 in the main case C.P. (IB)/1041(MB)2021. The order states the hearing was adjourned solely due to a "paucity of time." The next date for the hearing has been scheduled for 21 August 2026. No substantive decisions on the merits of the insolvency application were made in this order.
Topics: Insolvency, NCLT, Adjournment