Case Details
Case Name: Balvir Singh vs Rajdhani Iron Products Private Limited
Court/Authority: National Company Law Tribunal (NCLT), Chandigarh Bench (Court-II) (Special Bench)
Case Number: CP (IB) No. 118/Chd/Pb/2026
Date of Order: May 19, 2026
Next Hearing Date: July 20, 2026
Legal Provision: Section 9 of the Insolvency and Bankruptcy Code, 2016
Parties Involved
Petitioner/Applicant: Balvir Singh
Respondent: Rajdhani Iron Products Private Limited
Petitioner's Counsel: Mr. Vishav Bharti Gupta and Mr. Ubhai Bharti Gupta, Advocates
Respondent's Counsel: Mr. Sushant Kareer, Advocate
Tribunal Members: Shri. Shishir Agarwal (Member - Technical) and Shri. K. Biswal (Member - Judicial)
Proceedings
The present application has been filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 for initiating Corporate Insolvency Resolution Process (CIRP) against the Respondent Company.
The Tribunal heard arguments from the petitioner's counsel, Mr. Vishav Bharti Gupta. Notice was issued to the respondents. Mr. Sushant Kareer, Advocate appeared for the respondent and was ready to accept the notice, therefore the requirement of formal issuance of notice was dispensed with.
Directions & Next Steps
The Tribunal granted a period of two weeks' time to the Respondents for filing their reply from the date of receipt of notice. One week time was granted for filing rejoinder by the Petitioner, if any, from the date of receipt of copy of the reply.
The matter has been listed for next hearing on July 20, 2026.
Current Status
This is a preliminary order dealing with procedural aspects of the insolvency petition. The substantive issues, allegations, and financial details of the dispute have not been presented or adjudicated upon at this stage. The case remains pending with the next hearing scheduled for July 20, 2026.