Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Order Date: July 06, 2026
Case Overview
This is an order from a proceeding under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was filed by M/s NPV Global Fz Lle, the Financial Creditor, against M/s Sneh Polymers Pvt. Ltd., the Corporate Debtor. The matter was heard by a bench comprising Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnaagar. Advocate Sanket Jain represented the petitioner (Financial Creditor), and Advocate Keshav Khandelwal represented the respondent (Corporate Debtor). During the hearing, the counsel for the Corporate Debtor requested an adjournment to file a reply to the petition.
Final Outcome
The NCLT bench granted the Corporate Debtor ten days to file its reply, with an advance copy to be provided to the petitioner's counsel. The matter has been posted for arguments on the next hearing date, July 27, 2026. The order explicitly states that no further adjournment shall be granted, indicating the tribunal's intent to proceed with the matter on that date.
Topics: Insolvency Petition, NCLT Proceeding, Corporate Debt