NCLT Admits Insolvency Petition Against Virutal Business Solutions

Case Details

Case Name: Vinod Kumar Chauhan (Prop. Saroj Construction Co) Vs. M/s Virutal Business Solutions Pvt Ltd.

Court/Authority: National Company Law Tribunal (NCLT), New Delhi Principal Bench

Case Number: RCP (IB)- 04(PB)/2026 (Old CP No.(IB)- 26(PB)/2021)

Order Date: 20 May 2026

Next Hearing Date: 29 July 2026

Nature of Case: Petition under Section 7 of the Insolvency & Bankruptcy Code, 2016 for initiation of Corporate Insolvency Resolution Process (CIRP)

Parties Involved

Petitioner: Vinod Kumar Chauhan (Proprietor of Saroj Construction Co)

Represented by: Mr. Rishabh Singh, Advocate

Respondent: M/s Virutal Business Solutions Pvt Ltd. (Corporate Debtor)

Represented by: Mr. Sourit Arora, Advocate

Tribunal Composition

The bench consisted of:

• Justice Anupinder Singh Grewal (Hon'ble President)
• Shri Ravindra Chaturvedi (Hon'ble Member - Technical)

Hearing Details

The matter was heard through hybrid mode (physical and video conference).

Findings & Observations

The Tribunal has admitted the petition under Section 7 of the Insolvency & Bankruptcy Code, 2016, thereby initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor, M/s Virutal Business Solutions Pvt Ltd.

Final Ruling & Enforcement

The matter has been listed for reporting compliance on 29 July 2026. The order was signed by both members of the bench.