Authority: National Company Law Tribunal, Bengaluru Bench
Order Date: 09 October 2026
Case Overview
The petition is an insolvency application filed by Siemens Financial Services Pvt Ltd (Financial Creditor) against Abhilash U.K. (Respondent/Corporate Debtor) under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The matter was preliminarily heard by a bench comprising Judicial Member Shri. Sunil Kumar Aggarwal and Technical Member Shri. Radhakrishna Sreepada.
The Tribunal did not adjudicate on the merits of the case but issued procedural directions. It noted that the petitioner must file specific original documents to proceed with the petition. Furthermore, the Tribunal was aware of parallel proceedings concerning the same parties pending before the Debt Recovery Tribunal (DRT) in Ernakulam and required an update on their status and any interim orders passed therein.
Final Outcome
The petition was not admitted. The NCLT deferred the matter and issued the following directives to the petitioner, Siemens Financial Services Pvt Ltd:
1. File the originally signed extract of the Board Resolution authorizing the signatory to the petition (which appears at page 337 of the paper book).
2. File Form 'D' as required under the rules.
3. File the identity documents of the signatory to the petition.
4. Update the status of the proceedings pending before the DRT, Ernakulam, including details of any interim orders passed in that forum.
The matter was adjourned and listed for the next hearing on 09 November 2026.
Topics: Insolvency Proceeding, Debt Recovery, NCLT