Authority: National Company Law Tribunal, New Delhi Bench (Court - II)
Order Date: July 6, 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi Bench heard an application (IA-2886/ND/2026) in the main insolvency petition IB-1106/ND/2018. The matter involves M/s. Panipat Texo Fabs Pvt. Ltd (Applicant) versus M/s. Exclusive Overseas Pvt. Ltd. (Respondent) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The hearing was conducted through hybrid mode (VC and Physical). The applicant was represented by Senior Advocate P. Nagesh and Akshay Sharma, while the respondent's representation details were not specified in the order.
Final Outcome
The Tribunal issued notice to the Respondent (Exclusive Overseas Pvt. Ltd.) returnable on August 19, 2026. The Applicant (Panipat Texo Fabs) undertook to serve the notice upon the Respondent through all modes including registered post, speed post, courier service, and email. The Applicant must file an affidavit of service within one week. The Respondent may file a reply, if any, within one week from the date of receipt of the notice. Any rejoinder may be filed before the next date of hearing. The matter has been listed for further proceedings on August 19, 2026.
Topics: Insolvency Proceedings, Corporate Legal Dispute