JM Financial Petitions NCLT Against Arcotech

JM Financial Products Limited filed an insolvency petition under Section 7 of IBC 2016 against corporate debtor Arcotech Limited.
NCLT Chandigarh Bench issued notice to Arcotech Limited, directing service via speed post and email, with potential substituted newspaper advertisement.
The corporate debtor is granted two weeks to file a reply, with a rejoinder allowed within one week; matter listed for next hearing on 19.05.2026.