Ashoka Multiyarn Mills Insolvency Case Adjourned

Authority: National Company Law Tribunal, Jaipur Bench

Order Date: July 06, 2026

Case Overview

The National Company Law Tribunal (NCLT), Jaipur Bench, comprising Hon'ble Ms. Reeta Kohli (Judicial Member) and Hon'ble Ms. Kavita Bhatnagar (Technical Member), heard IA (Dis.) No. 07/JPR/2025 in the main matter IB No. 400/ND/2017. The application was filed by Union Bank of India (Financial Creditor/Applicant) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC, 2016) against Ashoka Multiyarn Mills Ltd. (Corporate Debtor/Respondent). The matter is an insolvency proceeding initiated by the financial creditor. The account closure certificate filed by the applicant bank is currently under scrutiny by the tribunal.

Final Outcome

The bench has adjourned the case and posted it for final disposal on July 22, 2026. No final order on admission or dismissal of the insolvency application has been passed at this stage.

Topics: Insolvency Proceeding, NCLT, Banking