Authority: National Company Law Tribunal, New Delhi Court-IV
Order Date: July 10, 2026
Case Overview
The matter involves an application filed by IFCI Ltd against respondent Sangita Arora under Section 95(1) of the Insolvency & Bankruptcy Code, 2016. The case is registered as IA/2418/ND/2024 in IB/427/ND/2021. The hearing was conducted in hybrid mode (both physical and video conference). Legal representation included Mr. Lokesh Malik and Ms. Atika Chaturvedi advocating for the respondent, while multiple advocates (Hitesh Sachar, Anju Jain, Bhawna Prajapati, Rifat Touhid) represented the resolution professional. The bench comprised Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Shri Atul Chaturvedi.
Final Outcome
The tribunal adjourned the case to August 6, 2026, citing "paucity of time" as the reason for the adjournment. The order was signed by Member (Technical) Shri Atul Chaturvedi.
Topics: Insolvency Proceeding, NCLT Adjournment, Corporate Debt