Authority: National Company Law Tribunal, New Delhi Bench (Court – II)
Order Date: 06 July 2026
Case Overview
This order pertains to an interlocutory application (IA-2878/ND/2026) filed in the ongoing insolvency proceedings between Northern ARC Capital Ltd (Applicant/Financial Creditor) and Five Core Electronics Ltd. (Respondent/Corporate Debtor). The original insolvency petition was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, and is registered as IB-1671/ND/2019. The specific application sought permission to file a Second Progress Report on record.
The matter was heard by a two-member bench consisting of Hon'ble Member (Judicial) Sh. Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Sh. Atul Chaturvedi. The hearing was conducted through a hybrid mode (both Virtual and Physical). The applicant was represented by Advocates Amaranth and Chirag Bhati. There is no record of representation for the respondent in this specific application.
Final Outcome
The Tribunal allowed the interlocutory application (IA-2878/ND/2026). The Second Progress Report filed by Northern ARC Capital Ltd was accepted and 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