Authority: National Company Law Tribunal, New Delhi Bench (Court - II)
Order Date: 12 June 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi Bench is hearing an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application (IB-207/ND/2026) has been initiated by Omkara Assets Reconstruction Pvt. Ltd as the financial creditor against ESPO Developers Pvt. Ltd. as the corporate debtor. The matter was heard through hybrid mode (VC and Physical). Senior Advocate Virender Ganda, representing the corporate debtor (ESPO Developers), made further submissions during the hearing. The bench comprising Hon'ble Member (Judicial) Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Atul Chaturvedi presided over the matter.
Final Outcome
The tribunal has adjourned the hearing and listed the matter as part-heard for the next date of 10 July 2026. No final decision on the admission or rejection of the insolvency application has been rendered in this order.
Topics: Corporate Insolvency, Legal Proceedings, NCLT Hearing