Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Order Date: July 14, 2026
Case Overview
This is an interim order in an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The operational creditor/applicant, Sanwar Mal Tiwari (Sole Proprietor of Rajasthan Steel Corporation), has initiated proceedings against the corporate debtor/respondent, Aesthetic Stone Arts India Pvt. Ltd. The matter was heard by a bench comprising Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnagar via video conferencing.
Final Outcome
The Tribunal has adjourned the hearing. Counsel for Respondent No. 2 requested time to file a formal reply to the petition. The bench directed that the reply be filed before the next date of hearing, with an advance copy provided to the opposing counsel. The matter has been posted for the next hearing on August 11, 2026. No substantive decision on the admission or rejection of the petition was made in this order.
Topics: Insolvency Petition, NCLT Proceeding, Corporate Debtor