Authority: National Company Law Tribunal, Jaipur Bench
Order Date: July 14, 2026
Case Overview
The National Company Law Tribunal (NCLT) Jaipur Bench heard multiple interconnected applications in an ongoing insolvency matter. The main case is CP No. (IB)-239/9/JPR/2019 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The matter involves Leomine Organics Pvt. Ltd. as the Operational Creditor/Applicant versus Khator Fibre and Fabrics Ltd. as the Corporate Debtor/Respondent. Three specific applications were addressed: IA No. 81/JPR/2026, IA No. 162/JPR/2026, and IA No. 580/JPR/2024.
For IA No. 580/JPR/2024, counsel for the applicant (Leomine Organics) requested a short adjournment to crystallize the prayers being pressed in their application. The bench granted this request and adjourned this specific application to August 5, 2026. The other two applications (IA No. 81/JPR/2026 and IA No. 162/JPR/2026) were also scheduled to be taken up on the same date, August 5, 2026.
The bench was composed of Hon'ble Ms. Reeta Kohli (Judicial Member) and Hon'ble Ms. Kavita Bhatnagar (Technical Member). Representation included Karan Pratap Singh, Nishant Sarraf, and Rishika Pareek appearing for the Liquidator; Nitesh Shrivastava, Pulkit Sharma, and Sagrika Joshi for the Applicant; and representation for the Suspended Management.
Final Outcome
All pending applications (IA No. 580/JPR/2024, IA No. 81/JPR/2026, and IA No. 162/JPR/2026) were adjourned to be heard on August 5, 2026. No substantive decisions were made on the merits of the case during this hearing.
Topics: Insolvency Proceedings, NCLT Adjournment, Corporate Debtor