Authority: National Company Law Tribunal (NCLT), New Delhi Bench (Court – II)
Order Date: 10 July 2026
Case Overview
This is an interlocutory application (IA-2295/ND/2026) filed in the main insolvency petition (IB-456/ND/2018) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The applicant/petitioner is Ms. Pallavi Joshi Bakhru, and the respondent is M/s. Universal Buildwel Pvt. Ltd. The matter was listed for hearing before a bench comprising Hon'ble Member (Technical) Sh. Atul Chaturvedi and Hon'ble Member (Judicial) Sh. Ashok Kumar Bhardwaj. The applicant was represented by Adv. Swapnil Gupta and Adv. Vaibhav Mendiratta, while the respondent was represented by Adv. Mohd. Shahrukh Qureshi. The hearing was conducted in a hybrid mode (VC and Physical).
Final Outcome
The tribunal did not conduct a substantive hearing on the matter. The bench issued a one-line order stating, "No time left. List the matter on 12.08.2026." The order was signed by both members. The insolvency proceedings have been adjourned and will be heard next on 12 August 2026.
Topics: Insolvency Proceeding, NCLT Adjournment