Authority: National Company Law Tribunal (NCLT), New Delhi Bench (Court – II)
Order Date: 06 July 2026
Case Overview
This order pertains to a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Tarun Khanna against the corporate debtor, M/s. Deltronix India Ltd. The case, registered as IB-2963/ND/2019, involves several Interlocutory Applications (IAs) with numbers IA-5817/ND/2025, IA-303/ND/2024, IA-4609/ND/2023, IA-5059/ND/2025, IA-933/ND/2026, and IA-2328/ND/2026. The hearing was conducted in a hybrid mode (both physical and video conference). The applicant, Tarun Khanna, was represented. The respondent, Deltronix India Ltd., was represented by a team of advocates including Senior Standing Counsel Aakash Srivastava. The State Bank of India (SBI) was also represented by its counsel, Adv. Siddharth Sangal. The Liquidator in the main petition was represented by Adv. S. Umesh.
The two-member bench, comprising Hon'ble Member (Technical) Sh. Atul Chaturvedi and Hon'ble Member (Judicial) Sh. Ashok Kumar Bhardwaj, noted that there was no time left to proceed with the hearing.
Final Outcome
The tribunal did not rule on the merits of the case or the pending applications. The sole direction was to adjourn the proceedings. The matter has been listed for the next hearing on 10th August 2026.
This content may not be financially relevant as the order only contains a procedural update (adjournment) without any material decision on the insolvency petition.
Topics: Insolvency, Adjournment