Authority: National Company Law Tribunal, New Delhi Court-IV
Order Date: 12.06.2026
Case Overview
The case involves an application filed under Section 7 of the Insolvency & Bankruptcy Code, 2016 by New Variety Decorators Pvt. Ltd. (Financial Creditor/Applicant) against Bella Monde Hotels Pvt. Ltd. (Corporate Debtor/Respondent). The matter was listed for hearing before a bench comprising Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Shri Atul Chaturvedi. Advocates Visay Kaundal and Nitish Kant Sharma represented the applicant. The hearing was conducted in a hybrid mode (physical and video conference).
Final Outcome
The National Company Law Tribunal adjourned the hearing of the insolvency petition. The order, signed by Member (Technical) Shri Atul Chaturvedi, states: "Due to paucity of time, the case is adjourned to 23.07.2026." No substantive hearing on the merits of the application took place, and no observations were made regarding the alleged default or the existence of a financial debt. The matter remains pending for further consideration on the new date.
This content may not be financially relevant as it pertains to a procedural adjournment without any substantive decision on the insolvency petition.