Authority: National Company Law Tribunal, Bengaluru Bench (Special Bench)
Order Date: 29 June 2026
Case Overview
This matter concerns IA (IBC) No. 108/2026 in CP(IB) No. 68/BB/2018. The petitioner, M/s Saravana Distributors, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the respondent, M/s Scotts Garments Limited. The hearing was conducted through physical hearing/VC mode (hybrid) before a bench comprising Hon'ble Member (Judicial) Shri Sunil Kumar Aggarwal and Hon'ble Member (Technical) Shri Banwari Lal Meena. Neither the petitioner nor the respondent was represented during this hearing. The principal issue before the tribunal was procedural compliance, specifically regarding the service of notice of the interlocutory application (IA 108/2026) on the liquidator of the corporate debtor.
Final Outcome
The tribunal did not pass any substantive order on the merits of the case. It observed that the necessary steps for serving the notice of the interlocutory application on the corporate debtor's liquidator had probably not been taken. Consequently, the matter was adjourned and listed for the next hearing on 19 August 2026 specifically for compliance with the previous order regarding the service of notice. The outcome is a procedural adjournment with no ruling on the underlying insolvency petition.
Topics: Insolvency Proceeding, NCLT Order, Procedural Adjournment