Authority: National Company Law Tribunal, Court-V, Mumbai Bench
Order Date: 09.06.2026
Case Overview
This order pertains to Interlocutory Application (IA) No. 569/2026 in the main insolvency petition C.P. (IB)/712(MB)2022. The application was filed by the Liquidator of Kandivli Balaji Investment Pvt Ltd, seeking to place his 9th Progress Report for the quarter ending 31 December 2025 on the record of the tribunal. The matter was previously listed on 09 February 2026, but no one was present on behalf of the Applicant, leading to an adjournment. The bench, comprising Judicial Member Ashish Kalia and Technical Member Charanjeet Singh Gulati, reviewed the report.
Final Outcome
The tribunal noted that during the reporting period, no substantial progress was made in the liquidation process. The only activity recorded was the attendance of a litigation matter on behalf of the Liquidator before the National Company Law Appellate Tribunal (NCLAT). The Progress Report was taken on record. The bench concluded that no further orders were required and consequently allowed and disposed of the IA.
Topics: Insolvency Proceeding, Liquidation Update, NCLT Order