Case Name: Asset Care and Reconstruction Enterprises Ltd. vs Sare Gurugram Pvt. Ltd.
Court/Authority: National Company Law Tribunal, New Delhi Principal Bench
Case Number: IB-300(PB)/2020
Date of Order: 19 May 2026
Matter: Application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (CIRP)
Parties Involved
Petitioner: Asset Care and Reconstruction Enterprises Ltd.
Respondent: Sare Gurugram Pvt. Ltd.
Legal Representatives Present: Multiple advocates including Mr. Chetan Garg, Mr. Shaveer Ahmed, Mr. Keshav Kant Sharma, Mr. Manish K. Jha (Sr. Adv.), Mr. Kamaljeet Singh, Mr. Utkarsh Khandelwal, Himanshu Misra, Mr. Ajay Bhargava, Ms. Wamika Trehan, Mr. Siddhant Kumar, Mr. Abhay Chitravanshi, Ms. Bhawna Nanda
Tribunal Composition
Justice Anupinder Singh Grewal, Hon'ble President
Shri Ravindra Chaturvedi, Hon'ble Member (Technical)
Current Status
Hearing conducted in hybrid mode (physical and video conference)
Parties reported that settlement efforts are ongoing
Matter adjourned to 14 July 2026 to allow for amicable settlement discussions
