Authority: National Company Law Tribunal, Jaipur Bench
Order Date: June 15, 2026
Case Overview
The National Company Law Tribunal (NCLT) Jaipur Bench heard Interim Application No. 217/JPR/2025, which is part of the main Company Petition No. (IB)-16/7/JPR/2021 filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The proceeding involves Bhala Finance Pvt. Ltd. as the Financial Creditor/Applicant against Tushar Realhome LLP as the Corporate Debtor/Respondent. The bench comprised Hon'ble Ms. Reeta Kohli (Judicial Member) and Hon'ble Ms. Kavita Bhatnagar (Technical Member). Representation included advocates Anubha Singh, Shubham Chaudhary, and Satyendra Prashad Khorania for the applicant, while advocates Anurag Kalavatiya, Utkarsh Misra, Parul Singhal, and Shraddha Joshi represented the homebuyers.
Final Outcome
The tribunal adjourned the hearing of IA No. 217/JPR/2025 to June 17, 2026, based on the request of the counsel for the applicant. No substantive decisions or rulings were made in this order, which serves solely as an adjournment of proceedings.
Topics: Insolvency Proceeding, Court Adjournment, Real Estate