Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Order Date: June 30, 2026
Case Overview
This order pertains to an ongoing hearing for RCP No. (IB)-1/9/JPR/2026, an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The application is an insolvency petition initiated by an Operational Creditor, M/s Cloth Cafe (through its proprietor Ankit Saxena), against the Corporate Debtor, M/s Prakrti Cloth Café Pvt. Ltd. and Others. The matter was heard by a bench comprising Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnagar via a web-based video conferencing platform. During the hearing, the counsel representing the respondents (Sanjeet Paliwal and Mehak) informed the tribunal that a reply to the petition had already been filed but was currently under defect.
Final Outcome
The NCLT Bench issued a procedural directive, allowing the respondents a period of one week from the order date (i.e., until July 7, 2026) to cure the defects identified in their filed reply. The case has been adjourned and posted for its next hearing on July 22, 2026. The order "Sol -" signifies it was solved for the day. No admission or dismissal of the petition was ordered; the matter remains pending.
Topics: Insolvency Petition, NCLT Procedure, Corporate Debt