Authority: National Company Law Tribunal, Bengaluru Bench (Special Bench)
Order Date: 29 June 2026
Case Overview
This order concerns IA(IBC) 166/2026, a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Swan Analytische Instrument A G against Flowline Instrumentation Pvt Ltd. The matter was heard by a special bench consisting of Judicial Member Shri Sunil Kumar Aggarwal and Technical Member Shri Banwari Lal Meena. Representatives were present for the applicant (Adv. J Anantha Narayanan), respondent (Adv. Pranjali Sharma), and Indian Bank (Adv. Mahesh Thulasidas).
The respondent (Flowline Instrumentation) had filed objections vide diary No. 6760 dated 09 June 2026. The tribunal noted these objections and provided procedural directions without addressing the substantive merits of the insolvency petition.
Final Outcome
The NCLT adjourned the matter to 29 July 2026 for hearing on the application along with the pending liquidation application IA(LIQ) 02/2026. The tribunal directed the applicant (Swan Analytische) to file a rejoinder to the respondent's objections within three weeks, with a copy to the learned counsel for the respondent. Additionally, the tribunal ordered that IA(IBC) 586/2026 be listed in the supplementary list along with the main petition.
Topics: Insolvency Proceeding, NCLT Adjournment, Corporate Debt