Authority: National Company Law Tribunal, New Delhi Principal Bench
Order Date: 15.07.2026
Case Overview
This is an application filed by the Liquidator of M/s Indo Spirits in the matter of M/s Indo Spirits (Petitioner) vs. M/s. Multicity Hospitalities LLP (Respondent). The application, numbered New IA(Liq) Prog - 369/2026, was filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 in Liquidation and specifically under Regulation 15 of the IBBI (Liquidation Process) Regulations, 2016. The purpose was to place on record the 3rd Progress Report for the quarter from 1st April 2026 to 30th June 2026.
Final Outcome
The Bench, comprising Justice Anupinder Singh Grewal (President) and Shri Ravindra Chaturvedi (Member - Technical), admitted the progress report on record, subject to all just exceptions. The tribunal office was directed to maintain the record and put it up before the Bench at the time of final disposal. The application (New IA(Liq) Prog - 369/2026) was disposed of accordingly. The progress report itself contained no material financial developments or updates on the liquidation process.
This content may not be financially relevant as it is a purely procedural update in an ongoing liquidation process with no material financial information disclosed.