Authority: National Company Law Tribunal, New Delhi Court - IV
Order Date: July 6, 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi heard matters related to insolvency proceedings between Jagriti Plastics Ltd (Applicant) and Proactive Plast Pvt Ltd (Respondent) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The case involves multiple interlocutory applications (IAs) numbered IA/2782/ND/2020, IA/2291/ND/2022, and IA/1876/ND/2026 within the main insolvency petition IB/742/ND/2018. The hearing was conducted in hybrid mode (physical and video conference). Various legal representatives were present, including advocates for Canara Bank and counsels for the proposed resolution applicant (SRA) in different applications.
Final Outcome
The bench comprising Hon'ble Member (Judicial) Shri Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Shri Atul Chaturvedi adjourned the matter and listed it for the next hearing before the Regular Bench on August 3, 2026. No substantive decisions on the insolvency application or the interlocutory applications were made in this order.
Topics: Insolvency Proceedings, NCLT Adjournment, Corporate Legal Dispute