Authority: National Company Law Tribunal (NCLT), Kolkata Bench - Court II
Order Date: 29th June 2026
Case Overview
This is an interim application (IA(I.B.C)/545(KB)2026) within the main insolvency petition (C.P. (IB)/156(KB)2025) filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petitioner is K L Support Private Limited, and the corporate debtor/respondent is Larica Estates Limited. The hearing on June 29, 2026, was for this application. Counsel for the respondent (Larica Estates Limited) stated their intention to file a reply affidavit in response to the application.
Final Outcome
The special bench, comprising Member (Judicial) Shri Cheekati Radha Krishna and Member (Technical) Ms. Rekha Kantilal Shah, granted a final opportunity to the respondent, Larica Estates Limited, to file its reply affidavit. The reply must be filed within five days from the order date (i.e., by July 4, 2026). The order states that if the reply affidavit is not filed within this timeframe, the stage for filing it will be closed. Upon the filing of the reply, the petitioner (K L Support Private Limited) is to file a rejoinder within the subsequent five days. The matter has been adjourned and is next listed for hearing on July 20, 2026.
Topics: Insolvency Proceeding, NCLT Order, Corporate Debtor