Authority: National Company Law Tribunal, Jaipur Bench
Order Date: July 14, 2026
Case Overview
The National Company Law Tribunal (NCLT) Jaipur Bench heard matters related to Cont. A (IBC) No. 9/425/JPR/2025, which is an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The financial creditor/applicant is Kotak Mahindra Bank Ltd., and the corporate debtor/respondent is Morani Motors Pvt. Ltd. The bench was composed of Hon'ble Ms. Reeta Kohli (Judicial Member) and Hon'ble Ms. Kavita Bhatnagar (Technical Member). Multiple Interlocutory Applications (IAs) were before the bench: IA No. 329/JPR/2026, IA No. 192/JPR/2026, and IA No. 296/JPR/2026. Representatives for both parties were present, including advocates for the Resolution Professional, the applicant (Kotak Mahindra Bank), and the respondent (Morani Motors). Akshita Morani, a representative of the corporate debtor, was also present in person.
Final Outcome
The bench issued an adjournment order. IA No. 296/JPR/2026 was scheduled to be taken up on July 20, 2026. The other matters—Cont. A (IBC) No. 9/425/JPR/2025, IA No. 192/JPR/2026, and IA No. 329/JPR/2026—were scheduled to be taken up on July 15, 2026. The order was signed by Technical Member Kavita Bhatnagar. No substantive rulings, admissions, dismissals, or observations on the merits of the case were made in this proceeding.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debt