Authority: National Company Law Tribunal, New Delhi Court-V
Order Date: June 12, 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi Court-V heard matters related to the corporate insolvency resolution process of Amit Spinning Industries Ltd. The case originates from a petition filed by the company itself under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC), registered as IB-131(PB)/2017. The hearing involved three interlocutory applications: IA-5793/2025, IA-3844/2021, and IA-1478/2023, which are pending adjudication within the main insolvency proceeding.
Representation was present from multiple parties: For the applicant (Amit Spinning Industries Ltd), advocates Mr. Kumar Pal Chopra and Mr. Chiron Singhi appeared. For the respondent in IA-5793/2025, advocate Nishtha Goel represented MSEDCL (likely Maharashtra State Electricity Distribution Company Limited). For BSE Ltd, which was involved in IA-3844/2021 and IA-1478/2023, advocate Mr. Yashwant Sanjenbam appeared. The hearing was conducted in a hybrid mode (both physical and video conference).
The bench comprised Hon'ble Member (Judicial) Shri Manni Sankariah Shanmuga Sundaram and Hon'ble Member (Technical) Ms. Reena Sinha Puri.
Final Outcome
The NCLT bench adjourned the matter due to paucity of time. The case has been listed for the next hearing on July 9, 2026. No substantive orders were passed on the merits of the applications or the main insolvency petition during this hearing.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debtor