Authority: National Company Law Tribunal (NCLT), Indore Bench, Court No. 1
Order Date: 29 June 2026
Case Overview
The proceeding is an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code (IBC) by Colama Commercial Co Ltd (Applicant) against Satiate Agri Ltd and its board (Respondent). The matter was listed for hearing with the applicant's counsel appearing online and the respondent's counsel appearing physically. The respondent's counsel requested an adjournment, seeking time to file an additional reply to the applicant's rejoinder, which was described as being "very bulky."
Final Outcome
The bench, comprising Member (Judicial) Shri Brajendra Mani Tripathi and Member (Technical) Shri Man Mohan Gupta, granted the respondent's request for time. The matter has been adjourned and is now listed for the next hearing on 05 August 2026.
Topics: Insolvency Petition, NCLT Proceeding, Corporate Debt