Authority: National Company Law Tribunal, New Delhi Bench (Court - II)
Order Date: 10 July 2026
Case Overview
The matter involves an insolvency petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by M/s. Banyan Tree Developers Pvt. Ltd. (Applicant/Petitioner) against M/s. Parivartan Buildtech Pvt. Ltd. (Respondent). The case bears the main number IB-299/ND/2019 and involves multiple interlocutory applications including IA-3078/ND/2026, IA-5487/ND/2025, IA-4910/ND/2020, IA-5580/ND/2020, and IA-525/ND/2025. One of the applications (IA-525/ND/2025) involves the Employees' Provident Fund Organisation (EPFO) against Mr. Deepak B Prasad, with Chakradhar Panda, Advocate representing the EPFO.
The hearing was conducted through hybrid mode (virtual and physical) with advocates present for the applicant, respondent, and EPFO. The Hon'ble Members hearing the case were Sh. Ashok Kumar Bhardwaj (Member-Judicial) and Sh. Atul Chaturvedi (Member-Technical).
Final Outcome
The Bench adjourned the hearing due to lack of time, stating "No time left." The matter has been listed for the next hearing on 13 August 2026. No substantive proceedings, arguments, or decisions on the merits of the case were recorded in this order.
Topics: Insolvency Proceeding, Real Estate Dispute, NCLT Adjournment