Impresario Withdraws Insolvency Petition Against Colorbar

Case Details

Case Name: M/s Impresario Versus Colorbar Cosmetics Private Limited

Court/Authority: National Company Law Tribunal, New Delhi Bench (Court – II)

Case No.: IB-86/ND/2026

Date of Order: 20.05.2026

Section Under Which Filed: Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC)

Parties Involved

Petitioner/Applicant: M/s Impresario

Respondent/Debtor: Colorbar Cosmetics Private Limited

Bench: Sh. Ashok Kumar Bhardwaj (Hon'ble Member (J)) and Sh. Atul Chaturvedi (Hon'ble Member (T))

Issues / Allegations / Violations

The petition was filed by Impresario under Section 9 of the IBC, 2016, alleging a default on a debt by the corporate debtor, Colorbar Cosmetics Private Limited.

Final Ruling & Enforcement

The petition was dismissed as withdrawn. The withdrawal was permitted to enable the petitioner (Impresario) to enter into a settlement regarding the quantum of the debt allegedly defaulted by the debtor (Colorbar Cosmetics Private Limited). The petition stands disposed of as a result of this order.