Yes Bank vs Presidium NCLT Adjournment to July 2026

Authority: National Company Law Tribunal, New Delhi Court – IV

Order Date: 12 June 2026

Case Overview

The National Company Law Tribunal (NCLT), New Delhi, was hearing a petition filed by Yes Bank Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Presidium Educational Institution Pvt. Ltd. The matter is complex, with several interconnected applications being heard together, including a Contempt Petition (Con.P-15/ND/2024) and multiple Interlocutory Applications (IAs).

Final Outcome

The bench, comprising Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Shri Atul Chaturvedi, adjourned the hearing. The order states the adjournment was due to a "paucity of time." The matter is now listed for the next hearing on 23 July 2026.

Topics: Insolvency Proceeding, NCLT, Banking