Authority: National Company Law Tribunal, New Delhi Court – IV
Order Date: 12 June 2026
Case Overview
The National Company Law Tribunal (NCLT) was hearing a petition filed by Yes Bank Limited against Mothers Pride Education Institution Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The matter was listed under multiple item numbers, including a contempt petition and several interlocutory applications. Representatives for both the applicant (Yes Bank) and the respondent (Mothers Pride) were present, along with counsel for other respondents in related applications.
Final Outcome
The bench, comprising Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Shri Atul Chaturvedi, adjourned the matter due to paucity of time. The next hearing is scheduled for 23 July 2026. No substantive orders or rulings on the merits of the insolvency petition were issued in this hearing.
Topics: Insolvency Proceeding, Banking Dispute, Legal Adjournment