Authority: National Company Law Tribunal, Bengaluru Bench (Special Bench)
Order Date: 09.07.2026
Case Overview
This order pertains to Interlocutory Applications (I.A) No. 571 and 577 of 2026 filed in the matter of C.P.(IB) No.168/BB/2024. The petitioner is Mr. Vijaya Sakthian and the respondent is M/s Mission Sports Pvt Ltd. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The applications represent a "second round" of filings seeking the recall of an earlier order dated 12.11.2025. The applications also include a request for the condonation of delay in filing.
Final Outcome
The Tribunal, comprising Judicial Member Shri Sunil Kumar Aggarwal and Technical Member Shri Banwari Lal Meena, heard the learned counsels for the petitioner. The bench decided to issue notice of the interlocutory applications to the respondent, Mission Sports Pvt Ltd. A timeline was set: the respondent is granted three weeks from the date of receipt of the notice to file a reply. The petitioner is then granted one week from the receipt of that reply to file a rejoinder. The case has been listed for its next hearing on 01.09.2026. This is a procedural order that schedules further proceedings and does not constitute a final decision on the merits of the applications or the main petition.
Topics: NCLT Proceedings, Insolvency Petition, Procedural Hearing