Authority: National Company Law Tribunal, New Delhi Bench (Court-II)
Order Date: 29 June 2026
Case Overview
This matter involves an application (IA-2742/ND/2026) in the ongoing insolvency proceedings between Aar Kay Industries (Proprietor of Indian Securities Ltd.) as the Applicant and Jatalia Global Venture Ltd. as the Respondent. The case was initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IB-263/ND/2023). The specific application sought approval for the 9th Progress Report to be kept on record. The bench comprised Hon'ble Member (Judicial) Sh. Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Sh. Atul Chaturvedi. The hearing was conducted through a hybrid mode (VC and Physical). The Resolution Professional, Mr. Mohd Nazim Khan, along with advocates Harshita Sharma and Saloni Kumari, were present.
Final Outcome
The Tribunal allowed the application (IA-2742/ND/2026). The 9th Progress Report was ordered to be kept on record, subject to all just exceptions. The order was signed by both members of the bench.
Topics: Insolvency Proceeding, NCLT Order, Progress Report