Authority: National Company Law Tribunal, New Delhi Principal Bench
Order Date: July 14, 2026
Case Overview
The matter involves an insolvency petition filed by Edelweiss Asset Reconstruction Company Ltd. (Financial Creditor) against CLC Industries Ltd. (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The case is registered as IB-933(PB)/2019. The hearing was conducted in hybrid mode (physical and video conference) before a bench comprising Justice Anupinder Singh Grewal (President) and Shri Ravindra Chaturvedi (Member - Technical). Multiple interlocutory applications are pending in the matter, specifically IA-5935/2023 and IA-2017/2024.
Final Outcome
The tribunal did not pass any substantive order on the merits of the case. The matter was simply adjourned and listed for the next hearing on August 24, 2026. The order contains no findings on allegations, admission of the petition, or initiation of Corporate Insolvency Resolution Process (CIRP).
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debt