Authority: National Company Law Tribunal, New Delhi Court - IV
Order Date: 06 July 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Court-IV, heard matters related to the corporate insolvency resolution process of M/s. Nikhil Footwear Pvt. Ltd. (Corporate Debtor). The main proceeding is IB/106/ND/2022, which is an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 filed by CFM Asset Reconstruction Pvt. Ltd. as the financial creditor. Three interlocutory applications were listed for hearing: IA(Liq.)/26/ND/2024, IA/2868/ND/2024, and IA/435/ND/2024. The hearing was conducted in a hybrid format (physical and video conference). Representation included counsel for the applicant, the resolution professional (Shiv Nandan Sharma) represented by Ms. Harimohana N., advocates for respondents in IA/435/ND/2024 (Mr. Akshit Naveney and Ms. Divya Kaur for Respondent No. 5, and Adv Kaushal Kumar Singh for R-6 Chemitech Engineering).
Final Outcome
The two-member bench comprising Hon'ble Member (Judicial) Shri Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Shri Atul Chaturvedi adjourned the matter. The case has been listed for the next hearing before the Regular Bench on 07 August 2026. No substantive decisions on the merits of the applications or the main insolvency petition were rendered in this order.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debtor