Case Details
Case Name: Varsha vs. Ritzy Chemicals Pvt. Ltd.
Court/Authority: National Company Law Tribunal, New Delhi Bench (Court – II)
Case Numbers: IB-692/ND/2024, IA-4113/ND/2025, IA-4116/ND/2025, IA-8/ND/2026
Under Section: 7 of Insolvency and Bankruptcy Code, 2016
Order Date: 20 May 2026
Parties Involved
Applicant/Financial Creditor: Varsha
Respondent/Corporate Debtor: Ritzy Chemicals Pvt. Ltd.
Proceedings
- The matter was heard through hybrid mode (VC and Physical)
- The Tribunal noted "No time left" for hearing the matter
- The case has been adjourned and listed for next hearing on 08 July 2026
- No substantive proceedings or arguments were recorded in this order
Final Ruling
The National Company Law Tribunal did not make any substantive ruling on the merits of the insolvency petition. The order solely adjourns the matter to 08 July 2026 for further hearing without addressing any allegations, violations, or financial claims. No findings, penalties, or directions were issued in this proceeding.