Vishal Rice Exports NCLT Hearing Adjourned to June

Case Details

• Case Name: In the matter of Dinesh Kumar Jain vs. Vishal Rice Exports Pvt. Limited
• Court/Authority: National Company Law Tribunal, Chandigarh Bench (Court – II) (Special Bench)
• Case Number: IA(I.B.C.)/650(CH)2026 (De-reserved IA) in CP (IB) No.449/Chd/Pb/2019 (Admitted)
• Order Date: 19 May 2026
• Governing Law: Application filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC).

Parties Involved

• Applicant: Dinesh Kumar Jain, represented by Advocate Mr. Ashwani Sharma.
• Respondent: Vishal Rice Exports Pvt. Limited.
• Respondent's Resolution Professional (RP): Mr. Yashpal Gupta with Mr. Deepankur Sharma, RP.
• Other Party: State Bank of India (SBI), represented by Advocate Mr. Rakshit Gupta.
• Bench: The order was delivered by a coram consisting of Shri. Shishir Agarwal, Hon'ble Member (Technical) and Shri. K. Biswal, Hon'ble Member (Judicial).

Final Ruling & Enforcement

The matter was listed before a Special Bench. The Tribunal did not adjudicate on the merits of the application and issued a procedural order for an adjournment. The application IA(I.B.C.)/650(CH)2026 has been listed for the next hearing before the Regular Bench on 03 June 2026.