Authority: National Company Law Tribunal Chandigarh Bench (Court - II)
Order Date: June 9, 2026
Case Overview
The matter involves an insolvency petition filed by The Champdany Jute Company Limited Superannuation Fund & Others against Punjab State Industrial Development Corporation Limited (PSIDC). The petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, registered as C.P.(IB) No.316/Chd/Chd/2019. Legal representatives for the respondent PSIDC, including advocates Ms. Tanvi Aggarwal and Mr. Vikas Mohan Gupta, were present during the proceedings.
Final Outcome
Due to paucity of time, the matter could not be taken up for hearing on June 9, 2026. The NCLT Bench has adjourned the case to August 21, 2026 for further proceedings. No substantive hearing or decision on the merits of the insolvency petition occurred during this session.
Topics: Insolvency Proceedings, Corporate Debt Dispute