Authority: National Company Law Tribunal, Bengaluru Bench (Special Bench)

Order Date: 09 June 2026

Case Overview

The National Company Law Tribunal (NCLT), Bengaluru Bench heard CP(IB) No. 265/BB/2025, an insolvency petition filed by Kama Transporter Solutions Pvt. Ltd. (Operational Creditor) against Instakart Services Pvt. Ltd. (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The petition concerns an operational debt dispute between the two companies.

During the hearing, counsel for the Operational Creditor, Mr. Kushal Bansal, sought time to file a rejoinder to the reply submitted by the Corporate Debtor. He referenced a previous order dated 15 April 2026, which had granted three weeks to the Operational Creditor to file a rejoinder and four weeks to the Corporate Debtor to file their reply. The Corporate Debtor filed their reply on 25 May 2026.

The Bench, comprising Member (Judicial) Shri Mahendra Khandelwal and Member (Technical) Shri Radhakrishna Sreepada, noted the recent amendment to the IBC that mandates Section 9 petitions be decided within a strict timeline of 14 days, failing which reasons must be recorded in the order. Acknowledging that time for a rejoinder had already been granted, the Bench provided a final opportunity of 10 days to the Operational Creditor to file their rejoinder.

Counsel for the Corporate Debtor, Ms. Muskan Gupta, was present but informed the Bench that the arguing counsel was unavailable. The Bench subsequently listed the matter for final arguments on 14 July 2026. It explicitly stated that no further adjournments would be granted and clarified that the matter need not be listed on 03 July 2026, as per the order dated 25 May 2026.

Final Outcome

The NCLT adjourned the proceedings and granted a final 10-day extension to the Operational Creditor, Kama Transporter Solutions Pvt. Ltd., to file its rejoinder. The next and final hearing for arguments is scheduled for 14 July 2026. The case remains pending, and no decision on the admission of the insolvency petition has been made.

Topics: Insolvency Proceeding, NCLT, Operational Debt