Case Details
Case Name: Hind Tradex Ltd. vs Lakshmi Precision Screws Limited
Court/Authority: National Company Law Tribunal Chandigarh Bench (Court – II)
Case Numbers: IA(IBC)(LIQ.)/24(CH)2024, IA(I.B.C)/521(CH)2024, IA(I.B.C)/1427(CH)2022, IA(I.B.C)/1429(CH)2022, IA(I.B.C)/1741(CH)2023, IA(I.B.C)/575(CH)2025, IA(I.B.C)/311(CH)2026, IA(I.B.C.)/619(CH)2026
Main Case: CP (IB) No.155/Chd/Hry/2018 (Admitted)
Order Date: 19.05.2026
Parties Involved
Petitioner/Applicant: Hind Tradex Ltd.
Respondent: Lakshmi Precision Screws Limited
Legal Representatives:
- For Respondent in IA(I.B.C)/1427(CH)2022: Ms. Divya Sharma, Mr. Shekhar Raj Sharma, Mr. Siddhant Jain & Mr. Manan Jain, Advocates
- For Respondent in IA(I.B.C)/575(CH)2025: Ms. Pooja Saraswat, Advocate
Legal Framework
The matter involves applications under multiple sections of the Insolvency and Bankruptcy Code, 2016:
- Section 9 (Initiation of corporate insolvency resolution process by operational creditor)
- Section 33(1)(b)(i) to (iii) read with Section 33(3) (Liquidation orders)
- Section 60(5) (Adjudicating Authority for corporate persons)
- Section 43(1) read with Section 44(1) (Preferential transactions and relevant time)
- Section 66(1) (Fraudulent trading or wrongful trading)
- Section 66 (Provisions relating to bankruptcy)
- Section 60(5) read with Section 14 (Moratorium)
Proceedings & Final Ruling
Due to paucity of time, the matter could not be taken up on 19.05.2026. The NCLT has adjourned the matter to 17.07.2026 for further hearing.
The order was signed by the Court Officer. No substantive findings, observations, penalties, or directions were issued in this particular order as it pertains solely to an adjournment of proceedings.