Authority: National Company Law Tribunal, New Delhi Principal Bench
Order Date: June 9, 2026
Case Overview
Indian Overseas Bank (Petitioner) has filed an insolvency petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/s. Mhow Ghatabill Toll Road Pvt. Ltd. (Respondent). The matter was heard by a bench consisting of Justice Anupinder Singh Grewal (Hon'ble President) and Shri Ravindra Chaturvedi (Hon'ble Member - Technical). The hearing was conducted in hybrid mode (physical and video conference).
Representation for the petitioner was made by Mr. Kartik Malhotra and Mr. Shreya Mansi James, appearing for the financial creditor Indian Overseas Bank. No representative appeared on behalf of the respondent company, and no response had been filed by the respondent at the time of the hearing.
The Tribunal noted that despite the lack of response or appearance from the respondent, it would be in the interest of justice to grant the respondent an opportunity to appear in the matter before proceeding further.
Final Outcome
The NCLT adjourned the matter and listed it for the next hearing on June 11, 2026. No admission order was passed, and the petition remains pending for further consideration after allowing the respondent company an opportunity to be heard.
Topics: Insolvency Proceeding, Banking Debt, NCLT Hearing