Authority: National Company Law Tribunal, New Delhi Court - IV
Order Date: 06 July 2026
Case Overview
The matter involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by M/s Pytex Jewellers Pvt Ltd (Financial Creditor/Respondent) against M/s Essbert Fashion Pvt Ltd (formerly known as KVM Fashion Pvt Ltd) and others (Corporate Debtor/Applicant). The hearing was conducted in hybrid mode (physical and video conference). Representatives for both parties were present: Mr. Harshit Kumar Rawat along with Resolution Professional Mr. Swatantra Kumar Singh appeared for the Resolution Professional, and Mr. Prashant Kumar, Advocate, appeared for the Respondent. The bench comprised Hon'ble Member (Judicial) Shri Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Shri Atul Chaturvedi.
Final Outcome
The Tribunal adjourned the matter and listed it for the next hearing before the Regular Bench on 07 August 2026. No substantive decision on the insolvency petition was rendered in this order.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debtor