Authority: National Company Law Tribunal (NCLT), Indore Bench, Court No. 1
Order Date: 29/06/2026
Case Overview
This is a procedural order in an interlocutory application (IA/123(MP)/2026) within a main insolvency petition (CP(IB)/78(MP)/2025). The petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Colama Commercial Co. Ltd. (Applicant/Financial Creditor) against Satiate Agri Ltd. and its board (Respondent/Corporate Debtor). The matter was heard by a bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical). Counsel for the respondent sought an adjournment to file their reply to the application.
Final Outcome
The NCLT bench granted the respondent's request. Satiate Agri Ltd. was directed to file its reply within 10 days from the order date (i.e., by July 9, 2026). Subsequently, Colama Commercial Co. Ltd. was granted one week to file a rejoinder, if any. The matter was adjourned and is next listed for hearing on 05.08.2026.
Topics: Insolvency Proceeding, NCLT, Corporate Debt