Authority: National Company Law Tribunal, Bengaluru Bench (Special Bench)
Order Date: 09 July 2026
Case Overview
The matter involves a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 by M/s Buoyant Technology Constellations Pvt Ltd (Petitioner/Financial Creditor) against M/s Manyata Infrastructure Developments Pvt Ltd (Respondent). The case was heard by a special bench consisting of Shri Sunil Kumar Aggarwal (Member Judicial) and Shri Banwari Lal Meena (Member Technical). Counsels for both parties were present - Shri Abhishek Sriram representing the Resolution Professional of the Financial Creditor and Shri Vishwas representing the Respondent. The counsels requested that the matter be taken up before a regular bench for addressing arguments.
Final Outcome
The NCLT Bengaluru Bench adjourned the matter and listed both the Interlocutory Application (I.A No.659/2024) and the main Company Petition (C.P.(IB) No.68/BB/2024) for arguments on 04 August 2026. No substantive decision on the insolvency petition was made in this order.
Topics: Corporate Insolvency, NCLT Proceedings, Section 7 IBC