Case Details
Case Name: ASREC (India) Limited vs Zenica Performance Cars Pvt. Ltd.
Court/Authority: National Company Law Tribunal Chandigarh Bench (Court - II)
Case Numbers: IA(IBC)/647(CH)2021, IA(IBC)/368(CH)2021, IA(IBC)/334(CH)2022, IA(IBC)/2310(CH)2023, IA(IBC)/404(CH)2022, IA(IBC)/1236(CH)2025, IA(IBC)/94(CH)2026, IA(I.B.C)/216(CH)2026, IA(I.B.C)/173(CH)2026, IA(I.B.C)/446(CH)2026
Main Case: CP (IB) No. 262/Chd/Hry/2018 (Admitted)
Order Date: 19.05.2026
Parties Involved
Petitioner/Applicant: ASREC (India) Limited
Respondent: Zenica Performance Cars Pvt. Ltd.
Legal Representatives: For Applicant (ASREC India Ltd) - Ms. Usha Singh, Advocate; For Respondent in certain applications - Mr. Shailendra Singh, Adv. and Mr. Abhyuday Dhasmana, Adv.
Final Ruling & Enforcement
The matter has been adjourned to 20.07.2026 due to paucity of time. The case could not be taken up on the scheduled hearing date of May 19, 2026.
Legal Framework
The case involves applications under multiple sections of the Insolvency and Bankruptcy Code 2016, including Sections 7, 60(5), 45(1), 19(2), and 66, as well as Regulations 31(2) and 21-A.