Authority: National Company Law Tribunal, Bengaluru Bench (Special Bench)
Order Date: 29 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Bengaluru Bench heard matter CP(IB) No. 59/BB/2024 between Just Right Life Ltd (Petitioner) and Cerebra Integrated Technologies Ltd. (Respondent). The petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The matter was heard by a Special Bench consisting of Hon'ble Member (Judicial) Shri. Sunil Kumar Aggarwal and Hon'ble Member (Technical) Shri. Banwari Lal Meena. Representation was provided by Adv. Afnaan Siddiqui for the petitioner and Adv. Parina Lalla for the respondent.
The principal issue before the tribunal was the pending compliance regarding stamp duty requirements. The petitioner's counsel informed the tribunal that the stamp duty matter was still pending before the concerned stamp collector and requested an adjournment.
Final Outcome
The NCLT Bengaluru Bench adjourned the matter and listed it for next hearing on 01 September 2026. The adjournment was granted specifically to await compliance of stamp duty as part of the assignment process. The order was signed by both members of the bench.
Topics: Insolvency Proceeding, NCLT Adjournment, Stamp Duty Compliance