Case Details
Case Name: Intellicity Business Park Pvt. Ltd. Through RP Mr. Manoj Kulshrestha vs Ascot Projects Pvt. Ltd.
Court/Authority: National Company Law Tribunal (NCLT), New Delhi Bench (Court - II)
Case Number: IB-541/ND/2023
Interlocutory Applications: IA-72/ND/2025, IA-5956/ND/2025, IA-4456/ND/2025, IA-4710/ND/2025, IA-5073/ND/2025, IA-4810/ND/2025, IA-5453/ND/2025, Ivn-74/ND/2025
Legal Basis: Application filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016
Order Date: May 25, 2026
Next Hearing Date: June 4, 2026
Parties Involved
Petitioner/Applicant: Intellicity Business Park Pvt. Ltd. through Resolution Professional Mr. Manoj Kulshrestha
Respondent: Ascot Projects Pvt. Ltd.
Representation:
- For Applicant: Multiple advocates including Gautam Singhal, Rajat Chaudhary, Anjali Maurya, Suraksha Mandhyan, Kriti Agrawal, Rakesh Kumar, Preeti Kashyap, Pulkit Mehrotra, Sahil Chawla, Kumar Mihir, Ankit Sharma, Pooja Dhingra, Arpit Dwivedi, Raghav Dembla
- For Resolution Professional: Mrinal Harsh Vardhan, Rituparna Patra, Pradhumn Rao
- For SRA: Lakshy Agarwal
- For GNIDA: Pankaj Pandey, Digvijay Prasad
Tribunal Bench:
- Hon'ble Member (Judicial): Ashok Kumar Bhardwaj
- Hon'ble Member (Technical): Atul Chaturvedi
Final Ruling & Enforcement
The National Company Law Tribunal, New Delhi Bench, issued a brief procedural order adjourning the hearing. The matter has been listed for the next hearing on June 4, 2026. The order was signed by both members of the bench. The hearing was conducted through hybrid mode (VC and Physical). No substantive findings, observations, penalties, or directions were issued in this order, which solely addresses the adjournment of proceedings.