Authority: National Company Law Tribunal, New Delhi Court - VI
Order Date: June 8, 2025
Case Overview
The National Company Law Tribunal (NCLT) New Delhi heard an insolvency petition filed by Bank of India against M.R. Overseas Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The matter was heard through hybrid mode (physical and video conference). The applicant was represented by Mr. Nikhil Thakur, Advocate, while the respondent was represented by Adv. Awantika. The respondent's counsel requested an adjournment citing the demise in the family of the main counsel handling the case.
Final Outcome
The NCLT bench comprising Justice Jyotsna Sharma (Member Judicial) and Ms. Anu Jagmohan Singh (Member Technical) granted two weeks' time to the respondent for filing their reply to the petition. The applicant may file a rejoinder, if any, within one week after the respondent's reply is submitted. The matter has been listed for next hearing on August 10, 2026.
Topics: Insolvency Proceedings, Banking Sector, Legal Adjournment