Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Order Date: July 06, 2026
Case Overview
The order pertains to an interlocutory application (IA No. 229/JPR/2026) within the main insolvency petition (CP No. (IB)-25/9/JPR/2019) filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The case involves Shyam Construction Co. as the Operational Creditor/Applicant and Devi Infradevelopers Pvt. Ltd. as the Corporate Debtor/Respondent. The matter concerns the liquidation process of Devi Infradevelopers, which the tribunal noted has been pending since 2022. Counsel for the Liquidator requested an adjournment during the hearing.
Final Outcome
The bench, comprising Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnagar, granted a final adjournment despite expressing constraint due to the prolonged nature of the process. The matter was posted for the next hearing on July 20, 2026. The order explicitly states that this adjournment is to be treated as the "last opportunity" and that "no further indulgence shall be granted."
Topics: Corporate Insolvency, Liquidation Process, NCLT Proceedings