Authority: National Company Law Tribunal, New Delhi Court - VI
Order Date: 08 June 2025
Case Overview
The National Company Law Tribunal (NCLT) New Delhi heard matter IB-689/ND/2023 IA(Plan)/24/2026 under Section 7 of the Insolvency & Bankruptcy Code, 2016. The case involves M/s. Fashion Suitings Pvt. Ltd. as the applicant and Shriya Overseas Pvt Ltd as the respondent. The hearing was conducted in hybrid mode (physical and video conference) before a bench consisting of Hon'ble Member (Judicial) Justice Jyotsna Sharma and Hon'ble Member (Technical) Ms. Anu Jagmohan Singh. The Resolution Professional was represented by Advocate Abhishek Anand and Mr. Sourbah Malpani, Advocate.
The tribunal identified certain discrepancies in Form H filed by the Resolution Professional. Form H is a critical document under the Insolvency and Bankruptcy Code that contains details about the resolution plan.
Final Outcome
The NCLT granted two weeks' time to the Resolution Professional to file a revised Form H after rectifying the identified discrepancies. The matter has been listed for next hearing on 14 July 2026.
Topics: Insolvency Proceedings, NCLT Order, Corporate Resolution