Authority: National Company Law Tribunal, New Delhi Court – IV
Order Date: 10 July 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Bench IV, presided over by Judicial Member Shri Mahendra Khandelwal and Technical Member Shri Atul Chaturvedi, heard a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The applicant is IDBI Trusteeship Services Limited, and the respondent is Jarul Promoters & Developers Pvt. Ltd. The matter was listed as Item No. 405 IB/277/ND/2026. The hearing was conducted in a hybrid mode (physical and video conference). Counsel for the applicant was present, represented by advocates Mr. Karan Rajpurohit and Mr. Raghav Dembla.
Final Outcome
The bench adjourned the matter to 24 July 2026. The order, signed by Member (Technical) Shri Atul Chaturvedi, states the adjournment was due to "paucity of time." No substantive hearing on the merits of the insolvency petition occurred, and no further directions were issued.
Topics: Insolvency Proceeding, Real Estate, Adjournment