Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 29 June 2026
Case Overview
This is a proceeding under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The application, numbered Inv.P/6(MP)2026 in CP(IB)/22(MP)2026, involves Colama Commercial Co Ltd as the applicant and Satiate Agri Ltd as the respondent. The matter was heard by a bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical). Mr. Nikunj Pataliya, Advocate, appeared for the applicant via online mode, and Mr. Rohit Dubey, Advocate, appeared for the respondent physically.
The respondent's counsel submitted that they had sent an email to the applicant requesting a copy of the present application but had not yet received it. This is a procedural hearing to address this preliminary issue of document service.
Final Outcome
The tribunal directed the applicant (Colama Commercial Co Ltd) to serve a complete set of the present application upon the respondent (Satiate Agri Ltd). Upon receipt of the application, the respondent is granted 10 days to file their reply, with an advance copy to be provided to the applicant. The matter has been listed for the next hearing on 21 August 2026.
Topics: NCLT Proceeding, Insolvency, Corporate Legal Dispute