Authority: National Company Law Tribunal, New Delhi Court - IV
Order Date: 12 June 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi heard multiple Interlocutory Applications (IA/4159/ND/2025, IA/6102/ND/2025, IA/5423/ND/2025, IA/4908/ND/2025, IA/5433/ND/2025, IA/4912/ND/2025, IA/1315/ND/2026) in the main insolvency petition IB/62/ND/2024. The matter involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 filed by operational creditor Shailendra Kumar Singh & Others against corporate debtor Morpheus Prodevelopers Private Limited. The hearing was conducted in hybrid mode (physical and video conference) before a two-member bench consisting of Shri Mahendra Khandelwal (Member Judicial) and Shri Atul Chaturvedi (Member Technical).
Final Outcome
The tribunal adjourned the matter to 23 July 2026 due to paucity of time. No substantive hearing or decision on the merits of the insolvency petition occurred during this proceeding.
Topics: Insolvency Proceeding, Real Estate Sector