Case Details
Case Name: Parveen Kumar Garg vs Laxmi Pipes Ltd
Court/Authority: National Company Law Tribunal, Chandigarh Bench (Court - II) (Special Bench)
Case Numbers: Caveat No.4/2026, Caveat No.5/2026, IA(I.B.C)/1187 (CH)2024, IA(I.B.C)/1190 (CH)2024 in CP (IB) No. 107/Chd/Hry/2023 (Admitted)
Date of Order: 25 May 2026
Under Section: 9, 43(1) r/w, 44(1), 66 of the IBC 2016
Rule: 25 of the NCLT Rules, 2016
Parties Involved
Petitioner: Parveen Kumar Garg
Respondent: Laxmi Pipes Ltd
Legal Representatives:
- For Applicant in Caveat Applications: Adv. Shrey Patnaik, Adv. Saira Khan, Adv. Kush Taneja
- For Respondents: Adv. Sahil Lohan (representing Respondent No. 1-3, 8 in IA(I.B.C)/1187 (CH)2024 and Respondents No1-3 in IA(I.B.C)/1190 (CH)2024)
Final Ruling & Enforcement
Caveat Applications: Caveat No.4/2026 and Caveat No.5/2026 were dismissed as withdrawn after the applicant's counsel sought liberty to withdraw them.
Main Proceedings: The substantive matter (IA(I.B.C)/1187 (CH)2024 and IA(I.B.C)/1190 (CH)2024) has been adjourned and listed for hearing before the Regular Bench on 10 August 2026.
The underlying insolvency petition CP (IB) No. 107/Chd/Hry/2023 remains admitted and pending before the tribunal.