Authority: National Company Law Tribunal, New Delhi Bench (Court – II)
Order Date: 06 July 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi Bench heard two interlocutory applications (New IA-2907/ND/2026 and New IA-2934/ND/2026) in the main petition IB-1248(PB)/2018. The matter involves an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 by Shinoj Koshy (Applicant/Petitioner) against M/s. Granite Gate Properties Pvt Ltd. (Respondent). The bench comprised Hon'ble Member (Judicial) Sh. Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Sh. Atul Chaturvedi. The applicant was represented by Advocate Adhish Srivastava, while no representation was noted for the respondent. The hearing was conducted through hybrid mode (VC and Physical).
Final Outcome
The Tribunal issued notice to the Resolution Professional (RP), returnable on the next date of hearing, 24 July 2026. The learned counsel for the applicant undertook to serve the notice upon the RP through all prescribed modes including registered post, speed post, courier service, and email. The applicant is required to file an affidavit of service within one week. The Resolution Professional is given two weeks from the date of service to file a reply, if any. A rejoinder, if any, may be filed before the next date of hearing. The matter is listed for further hearing on 24 July 2026.
Topics: Insolvency Proceeding, NCLT Order