Authority: National Company Law Tribunal Chandigarh Bench (Court – I)
Order Date: 09 June 2026
Case Overview
The matter involves an insolvency petition filed by K Nagavalli against Unico Leather Product Pvt. Ltd. The petition was filed under Sections 9, 25(j), and 66(1) of the Insolvency and Bankruptcy Code, 2016, along with Rule 11 of the NCLT Rules, 2016. The case is registered as CP(IB) No. 78/Chd/J&K/2020 and has been admitted. Several Interlocutory Applications (IA Nos.1142/2023, 1376/2025, 121/2026) are pending in this matter.
Final Outcome
The National Company Law Tribunal Chandigarh Bench adjourned the matter to 31 August 2026 due to paucity of time, as the case could not be taken up on the scheduled hearing date of 09 June 2026. No substantive hearing or decision on the merits of the case occurred on this date.
Topics: Corporate Insolvency, NCLT Proceedings, Legal Adjournment