Authority: National Company Law Tribunal, New Delhi Court - IV
Order Date: 06 July 2026
Case Overview
The National Company Law Tribunal (NCLT) in New Delhi heard multiple Interlocutory Applications (IAs) related to the main insolvency case IB/05/ND/2019. The matter involves Ashtbhuj Ocean Movers Pvt Ltd (Applicant) versus Sarash Exports Services Pvt Ltd (Respondent) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The specific IAs listed were: IA/3607/ND/2024, IA/5175/ND/2020, IA/2558/ND/2023, IA/1985/ND/2023, COMT.P/09/ND/2021, IA/3632/ND/2021, IA/2051/ND/2022, IA/5453/ND/2022, IA/3129/ND/2025, and IA/6327/ND/2025.
The hearing was conducted as a hybrid session (physical and video conference). Representation included Mr. Kunal Anand and Mr. Aryan Prasad for the applicant in IA No. 3607/2024, Mr. Umesh Chand Goyal (erstwhile Liquidator) in IA No. 5453/2022, and Mr. Samarendra Kumar with Mr. Vishnu Jaysaval for the Resolution Professional. The bench comprised Hon'ble Member (Judicial) Shri Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Shri Atul Chaturvedi.
Final Outcome
The Tribunal did not make any substantive rulings on the merits of the case during this hearing. The matter was simply adjourned and listed for the next hearing before the Regular Bench on 06 August 2026. The order was signed by both members of the bench.
Topics: Insolvency Proceeding, NCLT Hearing, Case Adjournment