DMI Finance vs RCCIVL-RKIPL LLP NCLT Adjournment

Case Details

Case Name: DMI Finance Private Limited vs. RCCIVL-RKIPL LLP

Court/Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj

Case Number: CP (IB) No.52/ALD/2026

Date of Order: 20th May, 2026

Under Section: 7 of the Insolvency and Bankruptcy Code, 2016 (IBC)

Parties Involved

Petitioner/Financial Creditor: DMI Finance Private Limited

Represented by: Sh. Vipul Ganda with Sh. Ishan Upadhaya, Ms. Arpita Sahu, and Sh. Vinayak Mithal, Advocates

Respondent/Corporate Debtor: RCCIVL-RKIPL LLP

Represented by: Sh. Palash Singhai with Sh. Harshal Sareen and Ms. Aashima Gautam, Advocates

Tribunal Members:

• Shri Praveen Gupta, Hon'ble Member (Judicial)
• Shri Ashish Verma, Hon'ble Member (Technical)

Order

This is a procedural order from a hearing in an insolvency petition. The counsel for the Corporate Debtor (RCCIVL-RKIPL LLP) requested time to file a reply to the petition. The Tribunal granted an adjournment and issued the following directions:

• The Corporate Debtor is granted two weeks from the order date (20th May 2026) to file its reply.
• The Financial Creditor (DMI Finance Private Limited) is granted a further two weeks thereafter to file a rejoinder, if any.
• The parties are directed to exchange copies of these filings with each other.
• The matter is adjourned and listed for its next hearing on 24th July 2026.

Final Ruling & Enforcement

The order is an interim procedural directive for the filing of pleadings. The petition itself has not been admitted or dismissed. The case will proceed to a hearing on the merits after the completion of the pleadings stage.