Authority: National Company Law Tribunal Chandigarh Bench (Court - II)
Order Date: 29 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Chandigarh Bench (Court-II) was scheduled to hear CP (IB) No. 320/Chd/Pb/2023, an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition involves Resol Vinyl and Chlorides Ltd. as the petitioner versus Jindal Speciality Textiles Ltd. as the respondent. The bench comprised Shri Shishir Agarwal (Member Technical) and Shri K. Biswal (Member Judicial).
Final Outcome
The hearing was adjourned without any substantive proceedings due to the sudden demise of Hon'ble Mr. Justice Mahabir Singh Sindhu of the Punjab and Haryana High Court, Chandigarh. The Members of the Bar Association of NCLT, Chandigarh Bench, through a letter dated 29 June 2026, resolved to suspend all work for the day as a mark of respect. The matter has been rescheduled for the next hearing on 09 September 2026.
Topics: Insolvency Proceedings, Court Adjournment