Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: June 29, 2026
Case Overview
The proceedings involve an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The financial creditor, Excellence Finance Pvt Ltd, is the applicant in the case against the corporate debtor, Satiate Agri Ltd. The matter was heard by a bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical).
During the hearing, the counsel for the respondent, Mr. Rohit Dubey, appeared physically and submitted that their reply to the petition was prepared but could not be uploaded to the tribunal's Document Management System (DMS) portal due to an issue with the security code. Based on this submission, the respondent sought an adjournment and more time to formally file their reply.
Final Outcome
The bench granted the respondent's request for more time. Satiate Agri Ltd was directed to file its reply within one week from the order date. The matter was adjourned and is now listed for the next hearing on July 27, 2026.
Topics: Insolvency Petition, NCLT Proceeding, Adjournment