Case Details
Case Name: Asset Reconstruction Company (India) Ltd. vs. White Metals Ltd.
Court/Authority: National Company Law Tribunal, New Delhi Principal Bench
Case No.: IB-160(PB)/2018
IA No.: IA-5734/2023
Order Date: May 19, 2026
Next Hearing Date: July 1, 2026
Legal Provision: Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016 (CIRP)
Parties Involved
Petitioner: Asset Reconstruction Company (India) Ltd.
Respondent: White Metals Ltd.
Other Appearances: Mr. Rachit Mittal, Mr. Shubham Sonthalia, Mr. Parish Mishra, Ms. Srishti Agrawaal, Mr. Abhishek Sinha (Advocates for R-9/NOIDA); Mr. Apoorva Singhal, DGM(Legal), Indraprastha Gas Limited for Respondent no. 5
Issues / Allegations / Violations
The document is a procedural order for an adjournment and does not detail the specific allegations or violations that led to the insolvency petition under Section 7 of the IBC, 2016.
Findings & Observations
The order contains no findings or observations on the merits of the case as it pertains solely to procedural adjournment.
Penalties / Settlements / Directions
No penalties, settlements, or substantive directions were issued in this order. The only directions given were procedural:
- Grant of adjournment at the request of the Respondent's counsel due to personal difficulty
- Liberty granted to R-9 to file written submissions within one week
- Case listed for next hearing on July 1, 2026
Corrective Actions & Future Obligations
No corrective actions or future obligations were specified in this procedural order.
Final Ruling & Enforcement
The order constitutes an interim procedural ruling for adjournment rather than a final decision on the insolvency petition. The matter remains pending before the NCLT with the next hearing scheduled for July 1, 2026.