Authority: National Company Law Tribunal, New Delhi Court-IV
Order Date: 11.06.2026
Case Overview
The matter involves insolvency proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiated by Manjinder Singh Sandhu against M/s. Golden Peacock Residence Pvt Ltd. The tribunal heard multiple Interlocutory Applications (IAs) listed for the date.
Final Outcome
For New IA/2677/ND/2026: The applicant, through Senior Advocate Mr. Sunil Fernandes, sought permission to withdraw the application with liberty to approach the National Company Law Appellate Tribunal (NCLAT). The NCLT granted this permission, and the application was dismissed as withdrawn.
For IA/247/ND/2026: The applicant's counsel sought an adjournment citing non-compliance with the order dated 29.04.2026 regarding the issuance of notices. The NCLT directed all respondents to file their replies within two weeks from receiving notice and listed the matter for the next hearing on 17.07.2026.
For IA/1786/ND/2026: This application was listed to be heard along with IA/247/ND/2026 on 17.07.2026.
For IA/2000/ND/2026: Counsel for the respondent submitted that their reply had been filed but was not reflected on the DMS/E-portal. The respondent was directed to take appropriate steps to place it on record. The matter was listed for 17.07.2026.
For IA/2006/ND/2026: The respondent's counsel sought time to file a Vakalatnama and reply. The NCLT directed the respondent to file their reply within one week, with no further extensions granted. The matter was listed for 17.07.2026.
For Intervention Petition /29/ND/2026: This petition was listed to be heard along with IA/247/ND/2026 on 17.07.2026.
The order signifies procedural management of the case with no material developments or final decisions on the merits of the insolvency petition.
Topics: NCLT Proceedings, Insolvency, Real Estate