Authority: National Company Law Tribunal, Court-V, Mumbai Bench
Order Date: 09 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Mumbai Bench, Court-V, comprising Judicial Member Ashish Kalia and Technical Member Charanjeet Singh Gulati, was hearing Interlocutory Applications IA/652/2026 and IA/670/2026 in connection with Company Petition (IB)/468(MB)2025. The petition was filed by Goyal Achal Sampatti Vikas And Niyojan Nigam Limited (Petitioner) against Quanteco World Limited (Respondent) under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating corporate insolvency resolution proceedings. The matter was listed for hearing but could not be taken up due to paucity of time on the court's board.
Final Outcome
The bench adjourned the hearing to 13 July 2026 on the request of the counsel for the applicant. The Resolution Professional, CS Suraj Sharma along with Mr. Deepak Kumar Garg, appeared through virtual mode. The substantive hearing on the insolvency petition remains pending and will be taken up on the next date.
Topics: Insolvency Proceeding, NCLT Adjournment