Case Details
Case Name: Mr. Sahil Jain Proprietor of M/s White Star Hosiery vs KGN General Trading Co. Ltd
Court/Authority: National Company Law Tribunal Chandigarh Bench (Court - II) (Special Bench)
Case Number: CP (IB) No.176/Chd/Pb/2025 (Admitted)
Interlocutory Application: IA(I.B.C.)/66(CH)2026
Under Section: 7, 19(2) R/w 70(1) of the IBC, 2016
Order Date: 25.05.2026
Next Hearing Date: 10.08.2026
Parties Involved
Petitioner/Creditor: Mr. Sahil Jain, Proprietor of M/s White Star Hosiery
Respondent/Corporate Debtor: KGN General Trading Co. Ltd
Legal Representative: Adv. Sourabh Ahuja (for the Applicant/RP in IA)
Bench: Shri. Shishir Agarwal (Member Technical) and Shri. Mahendra Khandelwal (Member Judicial)
Issues / Allegations / Violations
The matter involves an insolvency application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The specific allegations or nature of the financial debt are not detailed in this procedural order.
Findings & Observations
The tribunal noted that in terms of its previous order dated 20.01.2026, notices had been duly served upon the respondent (KGN General Trading Co. Ltd) as directed by the Adjudicating Authority. Proof of service has been placed on record.
Final Ruling & Enforcement
The matter has been listed for further hearing before the Regular Bench on August 10, 2026. No substantive ruling on the insolvency application has been made in this order, which appears to be a procedural update regarding service of notice.
This order represents a procedural step in the ongoing insolvency proceedings against KGN General Trading Co. Ltd, with the next hearing scheduled for August 2026.