YES Bank Insolvency Petition Against Ankit Madan

Case Details

Case Name: YES Bank Limited vs. Mr. Ankit Madan

Court/Authority: National Company Law Tribunal (NCLT), New Delhi Principal Bench

Case/Order No.: Item No. 121 (IB)- 840(PB)/2024, IA-571/2025

Date of Order: 20.05.2026

Nature of Application: Order under Section 95(1) of the Insolvency & Bankruptcy Code, 2016

Parties Involved

Petitioner: YES Bank Limited

Represented by: Mr. Anand Shankar Jha, Advocate along with Mr. Sachin Mintri and Mr. Abhilekh Tiwari, Advocates

Respondent (Personal Guarantor): Mr. Ankit Madan

Represented by: Ms. Neeha Nagpal, Advocate along with Mr. Nikunj Mahajan, Advocate

For the Resolution Professional (RP): Mr. Shivam Gautam, Advocate

Bench: Justice Anupinder Singh Grewal (Hon'ble President) and Shri Ravindra Chaturvedi (Hon'ble Member (Technical))

Final Ruling & Enforcement

The Tribunal heard arguments from all parties in a hybrid hearing (physical and video conference). Following the hearing, the bench reserved its order. No final ruling, findings, penalties, or directions have been issued at this stage. The matter is pending the pronouncement of the reserved order.