Case Details
Case Name: Incred Financial Services Ltd. versus Resonance Eduventures Ltd.
Court/Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Case Number: Cont. A (IBC) No. 3/425/JPR/2026, CP No. (IB)- 63/7/JPR/2024
Legal Provision: Section 7 of the Insolvency and Bankruptcy Code, 2016
Date of Order: May 20, 2026
Parties Involved
Petitioner/Financial Creditor: Incred Financial Services Ltd.
Respondent/Corporate Debtor: Resonance Eduventures Ltd.
Assigned Party: ACRE (through assignment deed dated April 30, 2026)
Legal Representatives:
- For Applicant: Kaustav Som, Advocate
- For Corporate Debtor: Garvish Jain, Advocate; Samrat Nigam, Senior Advocate; Gaurika Sood, Advocate; Arpita Rawat, Advocate
Tribunal Members:
- Hon'ble Ms. Reeta Kohli, Judicial Member
- Hon'ble Ms. Kavita Bhatnagar, Technical Member
Current Proceedings
The counsel for the applicant (Incred Financial Services Ltd.) informed the tribunal that the petitioner has assigned the debt to ACRE vide assignment deed dated April 30, 2026. In view of this development, the counsel prayed for time to place the Assignment Agreement on record.
Final Ruling & Enforcement
The tribunal has adjourned the matter and posted the case to June 23, 2026 for the purpose of placing the Assignment Agreement on record. The order was signed by both tribunal members on May 20, 2026.