Case Details
Case Name: Delta Industrial Resources Ltd vs Regency Fincorp Limited
Court/Authority: National Company Law Tribunal Chandigarh Bench (Court - II) (Special Bench)
Case Number: CP (IB) No. 290/Chd/Hry/2025
Date of Order: 20.05.2026
Next Hearing Date: 13.07.2026
Legal Provision: Section 7 of the Insolvency and Bankruptcy Code, 2016
Parties Involved
Petitioner/Applicant: Delta Industrial Resources Ltd
Respondent/Corporate Debtor: Regency Fincorp Limited
Bench Members: Shri. Shishir Agarwal (Member Technical), Shri. K. Biswal (Member Judicial)
Petitioner's Counsel: Ms. Achintaya Soni, Advocate
Respondent's Counsel: Mr. Mukesh Shkhija, Advocate
Procedural Status
The application has been filed under Section 7 of the IBC, 2016 for initiating Corporate Insolvency Resolution Process (CIRP) against the Respondent-Corporate Debtor, Regency Fincorp Limited.
The matter was heard by the Special Bench on 20.05.2026. The petitioner's counsel submitted that they had not received a copy of the respondent's reply. The Tribunal directed the petitioner to provide their email address in the chat-box and directed that the respondent serve a copy of their reply to the petitioner's counsel's email address.
It was also pointed out that the reply furnished by the respondent contained defects. Mr. Mukesh Shkhija, Advocate for the respondent, undertook to remove the defects as soon as possible and serve a corrected copy to the opposite counsel.
Final Ruling & Enforcement
The matter has been adjourned and listed before the Regular Bench on 13.07.2026 for further proceedings. No substantive decision on the insolvency petition has been made in this order, which primarily addresses procedural issues regarding the respondent's reply and service of documents.