Authority: National Company Law Tribunal (NCLT), Indore Bench, Court No. 1
Order Date: 13/07/2026
Case Overview
This is a proceeding under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The financial creditor, Ghanshyam Das And Company (Applicant), has filed a petition against the corporate debtor, Century 21 Malls Pvt Ltd (Respondent), seeking initiation of the Corporate Insolvency Resolution Process (CIRP).
During the hearing, the counsel for the Respondent, Mr. Mayank Munshi, submitted that he had recently been engaged in the matter and requested time to file a reply on behalf of his client. He also confirmed that his Vakalatnama (power of attorney) had been filed with the tribunal.
Final Outcome
The bench, comprising Member (Judicial) Shri Brajendra Mani Tripathi and Member (Technical) Shri Man Mohan Gupta, allowed the Respondent's request. Century 21 Malls Pvt Ltd was granted 10 days to file its reply to the application, with an advance copy to be served to the Applicant. Upon receipt of the reply, the Applicant, Ghanshyam Das And Company, was granted one week to file a rejoinder, if any. The matter was adjourned and listed for the next hearing on 21.08.2026.
- Topics: Insolvency, NCLT Proceeding