Authority: National Company Law Tribunal, Jaipur Bench
Order Date: June 16, 2026
Case Overview
The National Company Law Tribunal (NCLT) Jaipur Bench, comprising Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnagar, heard arguments in an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition was filed by Operational Creditor Droguria Disval SRL against Corporate Debtor Hindustan Biopharma Pvt. Ltd.
During proceedings, counsel for the Operational Creditor presented evidence including emails and the Corporate Debtor's response to the mandatory Section 8 notice. The Corporate Debtor had virtually admitted the due amount in its communications and had assured payment of the balance amount. The counsel further stated that even after filing the Section 9 petition, the Corporate Debtor continued to communicate and further admit the debt in subsequent correspondence.
A significant development arose when the Operational Creditor's counsel alleged that the formal reply filed by the Corporate Debtor's counsel in court was materially different from a copy of the reply previously furnished to them directly by the Corporate Debtor. The counsel prayed for time to place both versions on record for the court's examination.
Final Outcome
The Bench allowed the petitioner's request for additional time to submit the differing reply documents. The matter was adjourned and posted for further hearing on July 22, 2026. No final decision on admission or dismissal of the insolvency petition was made in this order.
Topics: Insolvency Proceedings, Legal Dispute