Case Details
Case Name: M/s Banyan Tree Developers Pvt. Ltd. versus M/s Parivartan Buildtech Pvt. Ltd.
Court/Authority: National Company Law Tribunal, New Delhi Bench (Court - II)
Case Numbers: IB-299/ND/2019, IA-5487/ND/2025, IA-4910/ND/2020, IA-5580/ND/2020, IA-525/ND/2025
Legal Basis: Section 9 of Insolvency and Bankruptcy Code, 2016
Order Date: May 20, 2026
Parties Involved
Petitioner/Applicant: M/s Banyan Tree Developers Pvt. Ltd.
Respondent: M/s Parivartan Buildtech Pvt. Ltd.
Legal Representation: Adv. Rahul Gupta, Adv. Rahul Dadhich (appearing for the Resolution Professional)
Tribunal Members: Hon'ble Mr. Ashok Kumar Bhardwaj (Member-Judicial), Hon'ble Mr. Atul Chaturvedi (Member-Technical)
Hearing Details
Hearing Mode: Virtual Court and Physical (Hybrid) Mode
Hearing Status: Adjourned due to time constraints (already 1:00 pm with no time left)
Next Hearing Date: July 10, 2026
Final Ruling & Enforcement
The matter was simply adjourned to July 10, 2026 without any substantive hearing or decision on the merits of the case. No findings, observations, penalties, or directions were issued in this order. The case remains pending for future hearing.