Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: June 9, 2026
Case Overview
This is an order from a proceeding under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was filed by an individual, Shekh Abu Ahemad (the Applicant/Financial Creditor), against a corporate entity, M/S S-Convecranes Pvt Ltd (the Respondent/Corporate Debtor). The case is registered as CP(IB)/27(MP)2026. The bench comprised Hon'ble Shri Brajendra Mani Tripathi, Member (Judicial) and Hon'ble Shri Man Mohan Gupta, Member (Technical). The Applicant was represented by Ms. Teena S. Pandey (PCA) appearing online, while the Respondent was represented by Mr. Rohit Dubey (Advocate) appearing physically.
The principal matter before the tribunal was the admission of the insolvency petition. During the hearing, the counsel for the Respondent (Corporate Debtor) requested more time to file a formal reply to the allegations in the petition.
Final Outcome
The tribunal allowed the Respondent's request for time. The Respondent is directed to file its reply within one week from the order date (by June 16, 2026), with an advance copy provided to the Applicant. Upon receipt of this reply, the Applicant is granted one week to file a rejoinder. The matter has been adjourned and is now listed for its next hearing on July 24, 2026. No decision on the merits of the petition or its admission was made in this order.
Topics: Insolvency Petition, NCLT Proceeding, Corporate Debtor