Authority: National Company Law Tribunal, Bengaluru Bench (Special Bench)
Order Date: 09.07.2026
Case Overview
The matter involves a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Mahash Hardware & Pipes Pvt Ltd (Petitioner) against H V Ventures Projects Pvt Ltd (Respondent). The Respondent had failed to file objections within the stipulated timeline of one week from the last hearing date (by 18.06.2026). During the hearing, the Respondent's counsel, Ms. Siva Tejaswini, appeared while the Petitioner was unrepresented. The Respondent claimed that although costs had been deposited, they could not file objections due to system glitches preventing security code generation for the past 2-3 days.
The Tribunal noted that the Respondent should not have encountered system issues if they had complied with the original filing deadline. The bench found that the Respondent had defied the court's timelines for filing their defense.
Final Outcome
The NCLT imposed an additional cost of Rs 50,000 (Rupees Fifty Thousand) on the Respondent, payable to the Prime Minister's National Relief Fund. The Respondent must produce the payment receipt and file objections within one week, with a copy to the Petitioner. The Petitioner is granted two weeks to file a rejoinder thereafter. The case has been adjourned to 10.08.2026 for hearing.
Topics: Corporate Insolvency, NCLT Proceedings, Compliance Penalty