Authority: National Company Law Tribunal, Jaipur Bench
Order Date: July 01, 2026
Case Overview
The matter involves an interlocutory application (IA No. 362/JPR/2025) in the main insolvency petition (CP No. (IB)-55/7/JPR/2023) filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The financial creditors are Manju Sharma & Others, and the corporate debtor is Pitambar Solvex Pvt. Ltd.
During the hearing, Senior Advocate Vivek Sibal, representing the applicant, informed the tribunal that an application had been filed before the Hon'ble President of NCLT under Section 419(5) of the Companies Act, 2013. This application seeks clarification regarding differences in orders passed by Hon'ble Members on December 8, 2025, and requests additional directions. The matter is scheduled to be heard by the Hon'ble President on July 3, 2026.
Final Outcome
The Judicial Member, Mr. Praveen Gupta, granted the request for adjournment. The matter has been rescheduled for an expedited hearing on July 7, 2026, at 2:30 PM. No substantive decision on the insolvency petition was made in this order.
Topics: NCLT Proceedings, Insolvency Case Adjournment