Authority: National Company Law Tribunal, Bengaluru Bench
Order Date: 09.10.2026
Case Overview
The National Company Law Tribunal (NCLT), Bengaluru Bench, heard matters related to CP(IB) No. 99/BB/2025, which is an insolvency petition filed by Omkara Assets Reconstruction Pvt Ltd against Kristal Projects(India)Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016. The hearing was conducted through hybrid mode (physical hearing/VC mode). The bench comprised Hon'ble Member (Judicial) Shri. Sunil Kumar Aggarwal and Hon'ble Member (Technical) Shri. Radhakrishna Sreepada. Representation included Adv KS Ganeshan for the applicants in IA 1044/2026 and Adv. Utsav Mukherjee for the Resolution Professional.
Final Outcome
The Tribunal ordered that the Interlocutory Application IA (IBC) 1044/2026 be listed along with the main petition on 27.10.2026. This constitutes an adjournment of the proceedings to the specified date without any substantive decision on the merits of the insolvency petition at this hearing.
Topics: Insolvency Proceeding, Corporate Debt, NCLT Hearing