Case Details
- Case Name: Edelweiss Asset Reconstruction Company Ltd vs. CLC Industries Ltd
- Court/Authority: National Company Law Tribunal (NCLT), New Delhi Principal Bench
- Case Number: IB-933(PB)/2019
- Date of Order: 20 May 2026
- Nature of Proceeding: Order under Section 7 of the Insolvency and Bankruptcy Code, 2016 (CIRP)
- Hearing Mode: Hybrid Hearing (Physical & VC)
Parties Involved
Petitioner:
- Edelweiss Asset Reconstruction Company Ltd
Respondent:
- CLC Industries Ltd
Legal Representation:
- For Petitioner: Multiple advocates including Mr. Karan Luthra, Mr. Piyush Thanvi, Ms. Rashika Narain, Ms. Preksha Diwakar, Mr. Ajay Kumar Jain, Mr Sourit Arora, Mr. M.P. Sahay, Mr. Yaman Verma, Ms. Chitra Chanda, Mr. Kartik Virmani, Mr. Kaushik kr. Dey
- For Respondent: Ms. Purti Gupta, Ms. Heena George, Ms. Sunidhi Sah, Mr. Sashwat Jha for R-1, 2, 3, 4, 6, 7, 9, 16, 17, 18 in IA-1846/2026; Mr Suryansh Kumar Arora and Mr Vivek Kumar for Respondent No 20 in IA-1846/2026
- For Resolution Professional: Ms. Honey Satpal, Mr. Akash Agarwalla, Mr. Aman
Tribunal Bench:
- Justice Anupinder Singh Grewal, Hon'ble President
- Shri Ravindra Chaturvedi, Hon'ble Member (Technical)
Procedural Status
IA-1846/2021:
- Only Respondent nos. 1, 2, 3, 4, 6, 7, 9, 16, 17 and 18 have filed their reply
- Remaining respondents directed to file their reply before next hearing date with advance copy to opposite counsel
- Listed for next hearing on 29 July 2026
Other Applications:
- IA-741/2021, IA-6021/2023, IA-2203/2025 and IA-4237/2025 are also pending
- Parties who have not filed replies directed to do so before next hearing date with advance copy to opposite counsel
- All applications listed for next hearing on 29 July 2026
Current Status
This is a procedural order with no final determination on merits. The matter involves multiple interlocutory applications in an insolvency proceeding initiated by Edelweiss ARC against CLC Industries. The tribunal has adjourned all matters to 29 July 2026 and directed outstanding replies to be filed.