Authority: National Company Law Tribunal, New Delhi Court-IV (Special Bench)
Order Date: 13th July 2026
Case Overview
The matter pertains to an insolvency proceeding initiated under Section 7 of the Insolvency & Bankruptcy Code, 2016 by IL&FS Financial Services Limited against M/s Ansal Properties and Infrastructure Limited. The specific hearing concerned IA/3120/ND/2026, an application filed by the Resolution Professional under Section 60(5) of the Code to place on record the Fifth Progress Report in the corporate insolvency resolution process. The bench noted that the Fourth Progress Report (filed in IA/698/ND/2026) was also pending adjudication before it, with its next hearing already scheduled for 30th July 2026.
Final Outcome
The Tribunal adjourned the hearing for the Fifth Progress Report and listed it to be taken up on the same date as the pending Fourth Progress Report, i.e., 30th July 2026.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debt