Authority: National Company Law Tribunal, New Delhi Bench (Court-II)
Order Date: 06 July 2026
Case Overview
The matter involves an insolvency petition filed by Bhabani Pvt Ltd (Applicant/Petitioner) against Emergent Traders Pvt Ltd (Respondent) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (CIRP). The case is registered as Item No. 213 (IB)-273(PB)/2021 with Interlocutory Application IA-5934/ND/2025. The hearing was conducted through hybrid mode (both physical and virtual court).
Representation included advocates for the applicant, advocates appearing for the liquidator of Respondent No. 1 (Emergent Traders Pvt Ltd), and the liquidator Mr. Harish Taneja appearing in person. The bench comprised Hon'ble Member (Judicial) Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Atul Chaturvedi.
Final Outcome
The tribunal adjourned the hearing due to time constraints and listed the matter for the next hearing on 06 August 2026. No substantive orders were passed on the merits of the case during this hearing.
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Debt