Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 9th June 2026
Case Overview
This is an order in the matter of CP(IB) 14 of 2020, an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The financial creditor, Prudent ARC Ltd (acting for State Bank of India), is the applicant against the corporate debtor, Mariegold Infratech Pvt Ltd. The matter was heard by a bench comprising Member (Judicial) Shri Brajendra Mani Tripathi and Member (Technical) Shri Man Mohan Gupta. The applicant was represented by Advocate Mr. Shantnu Chourasia (appearing physically), while the respondent was represented by Advocate Mr. Kunal P. Vaishanv (appearing online).
Counsel for both parties submitted that a connected matter is already listed for hearing on 24th July 2026 and requested that the present matter also be listed on the same date. The bench noted this submission.
Final Outcome
The NCLT bench allowed the request for an adjournment and directed that the matter be listed next on 24th July 2026. No substantive hearings or rulings on the merits of the insolvency petition occurred in this order.
Topics: Insolvency Proceeding, NCLT Hearing, Case Adjournment