Authority: National Company Law Tribunal, New Delhi Court-IV (Special Bench)
Order Date: 15 July 2026
Case Overview
This matter concerns an application filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) by C B M Industrie Private Limited (Operational Creditor/Applicant) against Rambo Enterprises Private Limited (Corporate Debtor/Respondent). The specific Interlocutory Application being heard is IA (Liq.)/27/ND/2024. During a hybrid hearing (physical and video conference), Proxy Counsel Adv. Shruti Priya Mishra, appearing for the Resolution Professional (RP), sought an adjournment. The reason provided was that the arguing counsel was unavailable due to a medical emergency. The Tribunal noted that an adjournment had been sought on the identical ground of a medical emergency for the arguing counsel on a previous hearing date, 12 March 2026.
Final Outcome
The Special Bench, comprising Member (Judicial) Shri Mahendra Khandelwal and Member (Technical) Shri Yogendra Kumar Singh, granted the adjournment but issued a strict final warning. The Bench emphasized that IBC matters cannot be adjourned on multiple occasions for similar reasons. It directed the Resolution Professional to be prepared to either argue the matter personally or through an authorized counsel on the next date, failing which the matter would likely be heard on merits. The case, along with a connected application (IA/2164/ND/2025), is now listed for hearing on 12 August 2026 before the Regular Bench.
Topics: Insolvency Proceeding, Legal Adjournment, NCLT