Authority: National Company Law Tribunal, Bengaluru Bench
Order Date: 09 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Bengaluru Bench, comprising Judicial Member Shri Sunil Kumar Aggarwal and Technical Member Shri Radhakrishna Sreepada, has taken up an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was filed by Kotak Mahindra Bank (Petitioner) against Krriyan Kontainers Pvt Ltd (Respondent). The respondent was served notice through speed post on 27 May 2026 and appeared through counsel Shri Shashank Nagendran. The petitioner was represented by Shri Akshay Goel.
Final Outcome
The tribunal admitted the petition for consideration and issued procedural directions. The respondent was directed to file vakalath (power of attorney) within 3 days from the order date (09 June 2026). The respondent may file reply/objections to the petition within 3 weeks, with a copy to the petitioner. Subsequently, the petitioner may file a rejoinder within another 3 weeks. The case has been listed for hearing on admission on 03 August 2026.
Topics: Corporate Insolvency, Banking Sector, NCLT Proceedings