Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 15/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Indore Bench heard proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC) in the matter of Hinduja Leyland Finance Ltd versus Owais Metal & Mineral Processing Ltd. The case was heard by a bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical). Legal representation was present for both parties, with Mr. Shashwat Seth and Mr. Paritosh Seth appearing for the Applicant (Hinduja Leyland Finance Ltd) and Mr. Harshvardhan Singh Rathor appearing for the Respondent (Owais Metal & Mineral Processing Ltd).
During the proceedings, the counsel for the Applicant submitted that there was ongoing scrutiny by the Registry regarding compliance with the filing requirements of the application. This scrutiny necessitated an adjournment of the matter to allow for completion of the compliance verification process.
Final Outcome
The NCLT Bench adjourned the matter and listed it for the next hearing on 14th July 2026. The adjournment was granted specifically to allow time for the Registry to complete its scrutiny of the application filing compliance requirements.
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Debt