Authority: National Company Law Tribunal, New Delhi Court-IV
Order Date: 11 June 2026
Case Overview
The National Company Law Tribunal (NCLT) heard two interconnected applications (IA/4063/ND/2025 and IA/1436/ND/2026) in the matter of Sharad Vadehra versus Homestead Infrastructure Development Pvt. Ltd. The proceedings were initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016, with the main petition registered as IB/1018/ND/2018. The matter was heard through hybrid mode (physical and video conference). Mr. Shubhankar Sharma, Advocate, appeared on behalf of the Liquidator as proxy counsel. The arguing counsel for the Liquidator was unavailable due to personal difficulties, prompting a request for adjournment.
Final Outcome
The bench comprising Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Shri Atul Chaturvedi granted the adjournment. The matter has been rescheduled for hearing on 17 July 2026. No substantive decisions on the insolvency petition were made in this order.
Topics: Insolvency Proceeding, Court Adjournment