Case Details
Case Name: Bhagwati Steel Sales vs Him Mec Tec Pvt Ltd
Court/Authority: National Company Law Tribunal Chandigarh Bench (Court – II) (Special Bench)
Case Numbers: IA(I.B.C)/1705 (CH)2023, IA(I.B.C)/1275 (CH)2023, IA(I.B.C)/2083 (CH)2023, IA(I.B.C)/432 (CH)2023, IA(I.B.C)/1167 (CH)2023 in CP(IB) No. 182/Chd/HP/2019 (Admitted)
Order Date: May 20, 2026
Under Sections: 9, 33(1) r/w 54(1), 65, 60(5), 19(2), 66(1) of the Insolvency and Bankruptcy Code, 2016
Parties Involved
Petitioner: Bhagwati Steel Sales
Respondent: Him Mec Tec Pvt Ltd
Representation:
- For Applicant-RP in IA(I.B.C)/432 (CH)2023 & IA(I.B.C)/1167 (CH)2023: A.S. Likhari, Advocate & Mr. Manik Goyal (RP), through VC
- For Applicant in IA(I.B.C)/1705 (CH)2023, IA(I.B.C)/1275 (CH)2023 and Respondent in IA(I.B.C)/2083 (CH)2023: Mr. Akaant Kumar Mittal, Advocate
Bench Members: Shri. Shishir Agarwal (Member Technical) and Shri. K. Biswal (Member Judicial)
Final Ruling & Enforcement
The Special Bench of NCLT Chandigarh has adjourned the matter and listed it before the Regular Bench on July 20, 2026. The order contains no substantive findings, observations, penalties, or directions at this stage, being purely procedural for adjournment to a future date.
The matter involves multiple Interlocutory Applications (IAs) filed in the main insolvency proceeding CP(IB) No. 182/Chd/HP/2019, which was admitted previously. The applications reference various sections of the Insolvency and Bankruptcy Code, 2016 including operational creditor initiation (Section 9), liquidation (Section 33), fast track process (Section 54), fraudulent trading (Section 65), NCLT powers (Section 60), and fraudulent or wrongful trading (Section 66).