Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Order Date: June 30, 2026
Case Overview
This proceeding is an application (IA No. 116/JPR/2026) filed in the main insolvency petition CP No. (IB)-35/7/JPR/2024. The petition was initiated by Kotak Mahindra Bank Ltd. (Financial Creditor/Applicant) against Morani Motors Pvt. Ltd. (Corporate Debtor/Respondent) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application pertains to procedural matters concerning other respondents (Respondent No. 3 & 4) in the case, who, despite being served notice, were not represented during the hearing.
Final Outcome
The bench, comprising Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnagar, issued a procedural order. The tribunal noted the absence of representation for Respondents No. 3 and 4. It granted them one final opportunity to file their reply to the application. The order explicitly states that if they fail to do so, their right to file a reply will stand forfeited. The matter has been adjourned and posted for arguments on the next hearing date, July 27, 2026.
Topics: Insolvency Proceeding, Banking Debt, NCLT Order