NCLT Adjourns Piramal Finance vs Al Nafees Insolvency

Authority: National Company Law Tribunal, New Delhi Bench (Court – II)

Order Date: 08 June 2026

Case Overview

This is an order from a hearing in the matter of Piramal Finance Ltd. (Applicant/Financial Creditor) versus Al Nafees Frozen Food Exports Pvt. Ltd. (Respondent). The proceedings are under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The hearing was conducted in a hybrid mode (VC and Physical). The Learned Counsel for the Financial Creditor requested an adjournment.

Final Outcome

The bench, comprising Hon'ble Member (Judicial) Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Atul Chaturvedi, granted the plea. One week's time was granted to the Financial Creditor (Piramal Finance Ltd.) for filing the rejoinder. The matter has been adjourned and is now listed for the next hearing on 06 July 2026.

Topics: Insolvency Proceeding, NCLT, Financial Creditor