Case Details
This is an order from the National Company Law Tribunal (NCLT), New Delhi Bench (Court – II). The main case is IB-79/ND/2022, filed by Jumbo Chemical and Allied Industries Private Limited against Arjun Industries Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The order was delivered on May 25, 2026. Several Interlocutory Applications (IAs) were also listed for hearing: IA-71/ND/2024, IA-5187/ND/2024, IA-4583/ND/2024, IA-685/ND/2025, IA-4406/ND/2025, IA-4795/ND/2025, and IA-5334/ND/2025.
Parties Involved
Petitioner/Applicant: Jumbo Chemical and Allied Industries Private Limited
Respondent: Arjun Industries Limited
Representation:
- For the Successful Bidder (SBD): Adv. Mrinal Harsh Vardhan, Adv. Aakash Bhatt, Adv. Rituparna Patra, Adv. Pradhumn Rao
- For the Committee of Creditors (CoC): Adv. Abhishek Anand along with Adv. Karan Kohli and Adv. Vanshika Dhoot
- For the Resolution Applicant (RA): Adv. Kunal Godhwani, Adv. Kinjal Chadha
- For the Resolution Professional (RP): Adv. Aditya Gauri, Damini Srestha, Adv. Anant Jain, Aryan Chhabra
Bench: The Hon'ble Members presiding were Sh. Ashok Kumar Bhardwaj (Member-Judicial) and Sh. Atul Chaturvedi (Member-Technical).
Final Ruling & Enforcement
The hearing was conducted through a hybrid mode (VC and Physical). The tribunal did not pass any substantive order on the merits of the case or the listed applications. The only direction given was: "No time left. List on 10.07.2026." The matter was therefore adjourned to the next hearing date of July 10, 2026. The order was signed by both members of the bench.