Authority: National Company Law Tribunal, New Delhi Court-V
Order Date: 08.06.2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Bench comprising Judicial Member Shri Manni Sankariah Shanmuga Sundaram and Technical Member Ms. Reena Sinha Puri, heard matters in the case IB-335/ND/2025. This is a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 by Ashutosh Garg and Others (Applicants/Financial Creditors) against Globalbees Brands Private Limited (Respondent).
The Tribunal first addressed an interlocutory application (IA-5206/2025) filed to condone a delay of 12 days in filing the Rejoinder by the Financial Creditors. The application sought two prayers: (a) to condone the delay and consequently take on record the Rejoinder and accompanying affidavit, and (b) for any other order deemed proper. Mr. Sudhir Makkar, Senior Counsel representing the Respondent (Globalbees Brands), stated they had no objection to allowing this application. The Tribunal allowed IA-5206/2025 and disposed of it, taking the Rejoinder on record subject to just exceptions.
Following this, the main petition (IB-335/ND/2025) was heard regarding its maintainability. Arguments were presented by counsel for both the Applicant and Mr. Sudhir Makkar, Sr. Counsel for the Respondent.
Final Outcome
The Tribunal did not make a final ruling on the maintainability of the insolvency petition. Instead, it directed both parties to file written submissions along with any supporting citations on the issue of maintainability within one week. The matter has been adjourned and is now listed for further hearing on 02.07.2026.
Topics: Insolvency Petition, Procedural Hearing, NCLT