Authority: National Company Law Tribunal, New Delhi Bench (Court II)
Order Date: July 10, 2026
Case Overview
The matter involves an insolvency petition filed by M/s. Sonu Trading Company against M/s. Noslar International Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016. The case bears the main number IB-1031/ND/2018 and involves multiple interconnected applications including IA-5025/ND/2023, IA-128/ND/2024, IA-2710/ND/2023, IA-3432/ND/2023, CA-980/ND/2019, IA-3092/ND/2023, IA-3093/ND/2023, and IA-1431/ND/2025. The hearing was conducted through hybrid mode (virtual conference and physical attendance). Multiple parties were represented including the applicant/petitioner, respondent, auction purchaser, erstwhile liquidator, and Income Tax Department.
Final Outcome
The Tribunal adjourned the hearing without passing any substantive order, stating "No time left" and listed the matter for the next hearing on August 13, 2026. The order was signed by both members of the bench: Hon'ble Member (T) Atul Chaturvedi and Hon'ble Member (J) Ashok Kumar Bhardwaj.
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Litigation