Authority: National Company Law Tribunal, New Delhi Bench (Court – II)
Order Date: 06 July 2026
Case Overview
This is an order in an Interlocutory Application (IA-359/ND/2026) filed within the main insolvency petition (IB-510/ND/2023). The main petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 by KLM Holdings Private Limited (Financial Creditor/Respondent) against BCL Enterprises Limited (Corporate Debtor/Applicant). The specific application sought the tribunal's permission to keep the Second Quarterly Progress Report on record as part of the insolvency proceedings.
Final Outcome
The bench, comprising Judicial Member Ashok Kumar Bhardwaj and Technical Member Atul Chaturvedi, allowed the application (IA-359/ND/2026). The Second Quarterly Progress Report was ordered to be kept on record, subject to all just exceptions. The hearing was conducted in a hybrid mode (VC and Physical).
Topics: Insolvency Proceeding, NCLT Order, Corporate Debtor