Authority: National Company Law Tribunal, Jaipur Bench
Order Date: July 14, 2026
Case Overview
The National Company Law Tribunal (NCLT) Jaipur Bench, comprising Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnagar, heard IA No. 596/JPR/2025 in CP No. (IB)-41/7/JPR/2024. The application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The matter involves State Bank of India as the financial creditor initiating corporate insolvency resolution proceedings against Vimladevi Agro Tech Ltd. as the corporate debtor. During the hearing, the counsel for the respondent (corporate debtor) partially advanced arguments and made reference to a judgment of the Supreme Court dated May 13, 2025, which was placed on record via memo dated February 2, 2026. The respondent's counsel stated that a copy of this Supreme Court judgment had not been furnished to them.
Final Outcome
The NCLT directed that a copy of the Supreme Court judgment be furnished to the opposite counsel. The matter was adjourned and posted for further hearing on August 5, 2026. No substantive decision on the insolvency application was made in this order.
Topics: Corporate Insolvency, Banking Debt, Legal Proceedings