Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 29 June 2026
Case Overview
The matter involves an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC) by Agrim Ventures Pvt Ltd (Operational Creditor/Applicant) against Khalsa Nutritious India Pvt Ltd (Corporate Debtor/Respondent). The petition was listed for hearing before a bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical).
During the proceedings, the learned counsel for the respondent, Mr. Rohit Dubey (appearing physically), sought additional time to file a formal reply to the application. The tribunal considered this request.
Final Outcome
The NCLT bench granted the respondent's request for an adjournment. Khalsa Nutritious India Pvt Ltd is directed to file its reply to the insolvency application within 10 days from the order date (29 June 2026). Subsequently, Agrim Ventures Pvt Ltd is permitted to file a rejoinder to the respondent's reply, if necessary, within one week after receiving the reply. The matter has been adjourned and is next listed for hearing on 17 August 2026.
Topics: Corporate Insolvency, NCLT Proceedings