Authority: National Company Law Tribunal, Jaipur Bench
Order Date: June 30, 2026
Case Overview
The matter involves an interlocutory application (IA No. 155/JPR/2024) within the main insolvency petition (CP No. (IB)-44/9/JPR/2019) filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor, M/s Rajputana Constructions Pvt. Ltd., is the applicant, and the corporate debtor is Rajasthan Land Holdings Ltd. The application has been pending for a significant period. During the hearing, the applicant's counsel sought an adjournment to file a specific affidavit clarifying which prayers they still wish to pursue, particularly whether the request for indemnifying subsidiaries remains part of their claim.
Final Outcome
The bench, comprising Judicial Member Reeta Kohli and Technical Member Kavita Bhatnagar, granted the adjournment. The matter is now posted for the next hearing on July 21, 2026. The applicant is directed to file the clarifying affidavit and a convenience compilation along with it before the next date.
Topics: Insolvency Proceeding, NCLT Adjournment, Operational Debt