Authority: National Company Law Tribunal, Jaipur Bench
Order Date: June 16, 2026
Case Overview
The National Company Law Tribunal (NCLT), Jaipur Bench, comprising Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnaar, was hearing IA No. 271/JPR/2026 in CP No. (IB)-76/7/JPR/2022. This is an application filed by Union Bank of India (Financial Creditor/Applicant) against Vadera Tradelink Pvt. Ltd. (Corporate Debtor/Respondent) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The matter was called for hearing twice via a web-based video conferencing platform. However, no representative appeared on behalf of the applicant, Union Bank of India.
Final Outcome
Given the non-appearance of the applicant and in the interest of justice, the bench adjourned the matter. The next hearing is scheduled for June 30, 2026. No substantive proceedings, arguments, or rulings on the merits of the insolvency petition occurred during this hearing.
Topics: Insolvency Proceeding, NCLT Hearing, Bank Petition