Authority: National Company Law Tribunal, New Delhi Court - IV (Special Bench)
Order Date: 15.07.2026
Case Overview
The National Company Law Tribunal (NCLT) heard an application numbered New IA (Liq.) Progress Report /373/ND/2026, which was filed within the main insolvency case IB/1018/ND/2018. The application was filed by Sharad Vadehra against Homestead Infrastructure Development Pvt. Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016. The specific application was submitted under Regulation 15 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. Its purpose was to formally place on the court's record the Liquidation Process Progress Report for the quarter that ended on 30.06.2026.
Final Outcome
The bench, comprising Member (Judicial) Mahendra Khandelwal and Member (Technical) Yogendra Kumar Singh, heard submissions from the applicant's counsel, Mr. Udayan Khandelwal. The tribunal allowed the application, admitting the progress report to the official record subject to all just exceptions. The report was ordered to be placed with the main case file for future reference. Consequently, the interim application (New IA /373/ND/2026) was allowed and disposed of.
Topics: Insolvency, Liquidation Process, NCLT