Authority: National Company Law Tribunal, New Delhi Court-V (Single Bench)
Order Date: 11 June 2026
Case Overview
The National Company Law Tribunal (NCLT) heard matters related to IB-823/ND/2024, which is a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 by DMI Finance Private Limited (Financial Creditor/Applicant) against Square Infrastructures Private Limited (Corporate Debtor/Respondent). The case includes Intervention Petition-21/2025 and IA-2054/2026. The matter was described as "part heard" indicating previous hearings have occurred. The bench was presided over by Shri Manni Sankariah Shanmuga Sundaram, Hon'ble Member (Judicial). The hearing was conducted in hybrid mode (physical and video conference).
Representation included Senior Advocate Mr. Virender Ganda leading the team for the Applicant, along with multiple other advocates including Mr. Vipul Ganda, Mr. Ishaan Upadhaya, Mr. Ishu Bansal, Ms. Anvika, Ms. Sakshi Panwar, Mr. Nitin Kumar, Mr. Umang Bansal, and additional advocates for the Intervention Petition. For the Respondent, Mr. Sanjiv Swaroop appeared for R-2 in the Intervention Petition, along with Mr. Abhishek Anand, Mr. Karan Kohli, and Ms. Vanshika Agrawal.
Final Outcome
The Tribunal adjourned the matter and listed it along with all intervening applications (IAs) before the Regular Bench on 07 July 2026 for further hearing. No substantive decision on the insolvency petition was made in this order.
Topics: Insolvency Proceeding, Corporate Debt, Legal Adjournment