Authority: National Company Law Tribunal, Jaipur Bench
Order Date: June 30, 2026
Case Overview
The National Company Law Tribunal (NCLT), Jaipur Bench, comprising Hon'ble Ms. Reeta Kohli (Judicial Member) and Hon'ble Ms. Kavita Bhatnagar (Technical Member), heard Interim Application No. 311/JPR/2026 in the main Company Petition No. (IB)-16/7/JPR/2021. The petition was filed by Bhala Finance Pvt. Ltd. (Financial Creditor/Applicant) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Tushar Realhome LLP (Corporate Debtor/Respondent). The matter was heard through a web-based video conferencing platform. The tribunal's order addresses procedural steps for serving notice to the respondent.
Final Outcome
The tribunal issued procedural directions, ordering both the registry and the petitioner/applicant to serve notice to the respondent's resolution professional. The applicant is required to submit a service report along with a copy sent to the respondent's resolution professional, postal receipt, and track/acknowledgment by the next date of hearing. Upon being served, the respondent's resolution professional is directed to file a reply to the application and serve an advance copy to the opposite counsel. The matter has been adjourned and posted for the next hearing on July 3, 2026.
Topics: Insolvency Petition, NCLT Proceeding, Corporate Debt