Authority: National Company Law Tribunal, New Delhi Principal Bench
Order Date: 08.06.2026
Case Overview
The case involves an insolvency petition filed by Muthoot Fincorp Ltd. (Petitioner) against Ram Niwas Lather (Respondent) under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The case reference is RCP (IB)-13(PB)/2024 (Old CP No. (IB)-216(PB)/2022). The hearing was conducted in a hybrid mode (physical and video conference). The petitioner was represented by advocates Mr. Rudra Deosthli, Mr. Ankur Das, and Ms. Sakshi Pandey. The Resolution Professional (RP), Mr. Sajjan Kumar Dokania, was also present.
The petitioner's counsel requested an adjournment on the grounds that the arguing counsel, Mr. Gautam Swaroop, was unavailable due to personal difficulty.
Final Outcome
The bench, comprising Justice Anupinder Singh Grewal (President) and Shri Ravindra Chaturvedi (Member - Technical), granted the adjournment. The main petition and two interim applications (IA-1958/2022 and IA-5742/2025) were listed for the next hearing on 17 August 2026. No substantive order on the merits of the insolvency petition was passed in this hearing.
Topics: Insolvency Proceeding, Adjournment, NCLT