Advance Cargo Movers CoC Revival Approved by NCLT

Authority: National Company Law Tribunal, New Delhi Bench (Court - II)

Order Date: June 12, 2026

Case Overview

The National Company Law Tribunal, New Delhi Bench (Court-II) heard matter IB-1373/ND/2019 with a new interlocutory application IA-2682/ND/2026. The proceedings involved M/s. Advance Cargo Movers (India) Pvt. Ltd. as the Applicant/Petitioner versus M/s. SBS Transpole Logistics Pvt. Ltd as the Respondent. The case was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The hearing was conducted through a hybrid mode combining virtual conference and physical appearance. Advocate I.P.S. Oberoi represented the Liquidator in the proceedings.

Final Outcome

The NCLT bench comprising Hon'ble Member (Judicial) Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Atul Chaturvedi allowed IA-2682/ND/2026. The tribunal ordered that the report regarding the revival of the Committee of Creditors (CoC) be kept on record subject to all just exceptions. The order was signed by both members of the bench.

Topics: Insolvency Proceeding, NCLT Order, Committee of Creditors