Authority: National Company Law Tribunal, Court-V, Mumbai Bench
Order Date: June 9, 2026
Case Overview
The National Company Law Tribunal (NCLT) Mumbai Bench, comprising Member (Judicial) Ashish Kalia and Member (Technical) Charanjeet Singh Gulati, was hearing Interim Application No. IA/2055/2025 in the main Company Petition No. CP(IB)/495(MB)2024. The petition was filed by Tata Capital Limited against Maheed Mucta Xec under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The matter represents insolvency proceedings initiated by the financial creditor against the debtor.
Final Outcome
The Tribunal could not take up the matter for hearing due to paucity of time. The case has been adjourned to August 25, 2026, for further proceedings. No substantive hearing or decision on the merits of the case occurred during this session.
Topics: Insolvency Proceedings, NCLT Adjournment, Financial Creditor Petition