Authority: National Company Law Tribunal Indore Bench Court No. 1
Order Date: 14/07/2026
Case Overview
The National Company Law Tribunal (NCLT) Indore Bench heard an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was initiated by Hinduja Leyland Finance Ltd as the financial creditor against corporate debtor SMO Ferro Alloys Pvt Ltd. The matter is registered as CP(IB)/11(MP)2026. The bench comprised Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical).
During the proceedings on July 14, 2026, the applicant was represented by advocates Mr. Shashwat Seth and Mr. Paritosh Seth who appeared physically. Counsel for the applicant submitted that all pleadings in the case stand completed and written submissions have already been filed. No representative appeared on behalf of the respondent company SMO Ferro Alloys Pvt Ltd despite the matter being listed for hearing.
The tribunal noted that the petition must be decided within the prescribed statutory timeline under the Insolvency and Bankruptcy Code, 2016. Considering the absence of the respondent and the statutory timeline requirements, the bench granted a final opportunity to the respondent to advance arguments on the next date of hearing.
Final Outcome
The NCLT Indore Bench adjourned the matter and listed it for next hearing on July 24, 2026. The respondent company SMO Ferro Alloys Pvt Ltd has been given this final opportunity to present its arguments before the tribunal.
Topics: Insolvency Proceedings, Corporate Debt, NCLT Hearing