Authority: National Company Law Tribunal, New Delhi Court - IV
Order Date: 12 June 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Bench comprising Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Shri Atul Chaturvedi heard multiple applications in the matter of IB/991/ND/2018. The main proceeding involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by operational creditor M/s Universal Enterprises against corporate debtor Aastha Surgimed Ltd. The tribunal was addressing several interlocutory applications including IA/854/ND/2025, IA(Dis.)/17/ND/2025, IA/1678/ND/2025, IA/5623/ND/2024, Restoration Application/118/ND/2024, IA/5740/ND/2023, IA/1901/ND/2020, IA/3529/ND/2021, IA/5103/ND/2021, IA/6049/ND/2021, and IA/564/ND/2023.
Representation was present for all parties: Mr. Utkarsh Singh, Advocate appeared for the applicant in IA No. 854/ND/2025 and Restoration Application No. 118 of 2024; Mr. Manoj Kumar Garg, Advocate represented the ex-director; while Mr. Rishabh Tehlan and Mr. Dhruv Gupta, Advocates appeared for the liquidator. The hearing was conducted in hybrid mode (physical and video conference).
Final Outcome
The tribunal adjourned the matter to 23 July 2026 due to paucity of time. All pending applications will be taken up on the next date of hearing.
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Debtor