Authority: National Company Law Tribunal (NCLT), Indore Bench, Court No. 1
Order Date: 13 July 2026
Case Overview
The case involves an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The financial creditor, Sainik Welfare Organization-India, has initiated proceedings against the corporate debtor, Vishvam Housing Developers India LLP. The matter was listed for hearing on 13 July 2026.
During the proceedings, the learned counsel for the applicant (Sainik Welfare Organization-India) submitted that he had recently received a copy of the reply filed by the respondent and requested time to file a rejoinder.
Final Outcome
The bench, comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical), allowed the request. The applicant was directed to file the rejoinder within one week, with an advance copy to the opposite side (Vishvam Housing Developers India LLP). The matter was adjourned and listed for its next hearing on 19 August 2026.
Topics: Insolvency Proceeding, Real Estate, NCLT