Authority: National Company Law Tribunal, Jaipur Bench
Order Date: June 30, 2026
Case Overview
The matter involves an application (IA No. 589/JPR/2023) in the ongoing insolvency proceedings of M/s Khetan Apparel Pvt. Ltd., which is undergoing liquidation. The case originated from a petition (CP No. (IB)-258/9/JPR/2019) filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by operational creditor Shri Mahavir Agarwal against the corporate debtor, Khetan Apparel Pvt. Ltd. The Liquidator, represented by counsel Prateek Kedawat, appeared before the bench comprising Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnagar.
Final Outcome
The NCLT adjourned the matter to July 22, 2026 for final arguments, granting the Liquidator's request for additional time to file the list of stakeholders. Another application in the same matter (IA No. 403/JPR/2021) was also adjourned to the same date.
Topics: Insolvency Proceedings, NCLT Adjournment, Corporate Liquidation