Authority: National Company Law Tribunal, New Delhi Bench (Court - II)
Order Date: June 10, 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi Bench, comprising Hon'ble Member (Judicial) Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Atul Chaturvedi, heard matters related to IB-356/ND/2021 with connected applications IA-24/ND/2024, IA-4384/ND/2024, and CA-50/ND/2023. The case involves Fidus Finance Pvt. Ltd. as the applicant/petitioner filing against Elena Power and Infrastructure Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The hearing was conducted through hybrid mode (virtual and physical). Representation was present for both parties, with advocates appearing for the proceedings.
Final Outcome
The bench adjourned the hearing, citing that "it is already 1:00 pm. No time left." The matter has been listed for the next hearing on July 24, 2026. No substantive decisions or rulings on the merits of the insolvency petition were made in this order.
Topics: Insolvency Proceeding, Court Adjournment, Corporate Debt