Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Order Date: June 17, 2026
Case Overview
This order pertains to an ongoing insolvency proceeding under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The case involves Kotak Mahindra Bank Ltd. as the Financial Creditor/Applicant and Morani Motors Pvt. Ltd. as the Corporate Debtor/Respondent. The bench comprised Hon'ble Ms. Reeta Kohli (Judicial Member) and Hon'ble Ms. Kavita Bhatnagar (Technical Member).
During the proceedings, the counsel for the respondent requested an adjournment due to the personal exigency of the arguing counsel. Ms. Akshita Morani, representing the corporate debtor, joined the proceedings virtually. She acknowledged a previous commitment made on 26 May 2026 to pay ₹11 lakhs to the financial creditor on or before 06 June 2026. However, citing personal difficulties, she requested a further extension of ten days to fulfill this payment obligation.
Final Outcome
The NCLT bench granted the request, directing that the payment of ₹11 lakhs be made within 10 days from the order date (i.e., by 27 June 2026). The main application (Cont. A (IBC) No. 9/425/JPR/2025) and an interim application (IA No. 192/JPR/2026) were both adjourned and posted for the next hearing on 29 June 2026.
Topics: Insolvency Proceeding, Debt Payment, NCLT Order