Authority: National Company Law Tribunal Chandigarh Bench (Court – II)
Order Date: 16 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Chandigarh Bench heard a petition filed by IDMA Laboratories Ltd. and another petitioner against Punjab Agri Food Parks Ltd. and other respondents. The matter is registered as COMP.APPL/1186(CH)2019 and CP No.95/Chd/Pb/2019, and is being heard under Sections 241-244, 241(1) & 244(1) of the Companies Act, 2013, along with Rule 131(5) of the IBC 2016. The proceedings originate from directions issued by the Punjab & Haryana High Court.
During the hearing on 16 July 2026, Ms. Divya Sharma, appearing as proxy counsel for the petitioner, requested a short adjournment. She submitted that the arguing counsel for the petitioner was currently appearing before the National Company Law Appellate Tribunal (NCLAT) and was therefore unavailable for this hearing.
Final Outcome
The bench, comprising Hon'ble Member (Judicial) Shri K. Biswal and Hon'ble Member (Technical) Shri K.K Singh, accommodated the request for adjournment. The matter has been rescheduled for the next hearing on 20 August 2026.
Topics: Corporate Legal Dispute, NCLT Proceedings