Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Order Date: June 16, 2026
Case Overview
This is a proceeding under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The Operational Creditor, Sri Ram Cables Pvt. Ltd., has filed an insolvency petition (CP No. (IB)-11/9/JPR/2026) against the Corporate Debtor, Banswara Syntex Ltd. The matter was heard by a bench comprising Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnagar via a web-based video conferencing platform.
During the hearing, Advocate Akshita Koolwal, representing the Corporate Debtor (Banswara Syntex Ltd.), requested a short adjournment. The purpose of the adjournment was to file a formal reply to the petition. The counsel further stated that a copy of this reply had already been provided to the counsel representing the petitioner (Sri Ram Cables Pvt. Ltd.).
Final Outcome
Granting the request, the NCLT bench adjourned the matter. The case has been posted for arguments on the next date of hearing, which is July 14, 2026. No other directions or observations were recorded in this procedural order.
Topics: Insolvency Proceeding, NCLT, Corporate Debtor