Authority: National Company Law Tribunal, Court-V, Mumbai Bench
Order Date: 09.06.2026
Case Overview
This proceeding concerns Interlocutory Application (IA) No. 2354/2026, filed in the main insolvency petition CP (IB)/176(MB)2025. The application was filed by the Resolution Professional (RP) under Section 19(2) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30 of the relevant regulations. The RP is seeking certain details and documents from the suspended directors of the corporate debtor, Reliance Ornatus Enterprises And Ventures Private Limited. The petitioner in the main insolvency case is Creative Ashtech Engineering Projects Private Limited. The learned counsel for the applicant (the RP) submitted that there are four directors of the suspended management. While two directors are complying with the RP's requests, the remaining two are not. This IA has been filed specifically against the two non-compliant respondents.
Final Outcome
The tribunal issued a notice of motion. The registry and the applicant were directed to serve the notice, along with a copy of the IA, upon the two respondent directors. They must submit a service report or affidavit of service, along with a copy of the notice sent and postal receipts/track reports/acknowledgements, within two weeks. Upon being served, the respondents are directed to file their reply to the application within two weeks thereafter. The matter has been listed for further consideration on 28.07.2026.
Topics: Insolvency Proceeding, Director Compliance, NCLT Order