Authority: National Company Law Tribunal, New Delhi Court-IV
Order Date: June 11, 2026
Case Overview
This matter involves an insolvency petition filed by L&T Finance Limited against Mabsoot Buildhomes India Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The case is being heard by a bench comprising Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Shri Atul Chaturvedi. Three interlocutory applications were before the tribunal: IA/1902/ND/2024, IA/814/ND/2024, and IA/3763/ND/2025. The hearing was conducted in hybrid mode (physical and video conference).
Final Outcome
The tribunal did not pass any substantive orders on the merits of the case. All three applications were adjourned and listed for the next hearing on July 16, 2026. Specifically:
- IA/1902/ND/2024 was directed to be listed after the pronouncement of an order in IA 4255/ND/2025
- IA/814/ND/2024 was directed to be listed along with IA/1902/ND/2024
- IA/3763/ND/2025 was listed as no one appeared on behalf of the applicant
The matter remains pending before the NCLT with no resolution or admission of the insolvency petition at this stage.
Topics: Insolvency Proceedings, Corporate Debt, NCLT Hearing