Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Order Date: June 15, 2026
Case Overview
This is an order from the NCLT Jaipur Bench in CP No. (IB)-56/9/JPR/2025, an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The operational creditor is Kumar Lifestyle, represented by its proprietor Kishan Kumar Totla. The corporate debtor is M/s Rajshree Impex Pvt. Ltd. & Ors. The bench comprised Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnagar. Counsel for the petitioner, Jeetam Kumar Saini, Adv., was present. While an advocate (Dolly Sharma, Adv.) was listed for the corporate debtor, it was noted that "None Appeared" for them.
The petitioner's counsel informed the bench that on the previous hearing date of May 18, 2026, he had failed to inform the court that all respondents had been duly served. An affidavit confirming this service was filed on December 8, 2025. The counsel further stated that the mandatory demand notice under Section 8 of the IBC had also been duly served upon the respondents.
Final Outcome
Given the constant absence of the respondent (corporate debtor) despite proof of service, the tribunal decided to proceed ex-parte (in the absence of one party). The matter has been posted for final arguments on the next date of hearing, which is July 1, 2026.
Topics: Insolvency Proceeding, Corporate Debtor, NCLT Order