Authority: National Company Law Tribunal, New Delhi Court - IV
Order Date: 12 June 2026
Case Overview
The National Company Law Tribunal (NCLT) heard matter IA/1028/ND/2026 and IA/2088/ND/2026 in the main insolvency petition IB/513/ND/2022. The petition was filed by IDBI Trusteeship Services Limited against Shipra Estate Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The hearing was conducted as a hybrid session (both physical and virtual attendance). Representing the parties were Mr. Sunil Fernandes (Senior Advocate) and Ms. Surabhi Khattar for the applicant (IDBI Trusteeship), while Mr. Abhishek Anand and Mr. Karan Kohli represented the respondent (Shipra Estate). Mr. Rachit Mittal and Mr. Kanishk Raj were also present. The bench consisted of Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Shri Atul Chaturvedi.
Final Outcome
The tribunal adjourned the matter due to paucity of time. The next hearing is scheduled for 01 July 2026. No substantive orders were passed on the merits of the case during this hearing.
Topics: Insolvency Proceeding, Real Estate, Adjournment