Authority: National Company Law Tribunal, Jaipur Bench
Order Date: July 13, 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), is hearing an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application, registered as Inv. P (IBC) No. 1/JPR/2026, is an operational creditor petition. The applicant/operational creditor is Shree Vishwakarma Arts & Crafts, and the respondent/corporate debtor is M/s Indian Art Furniture Pvt. Ltd. The proceedings were conducted via a web-based video conferencing platform. The counsels for both parties have tendered their written submissions to the tribunal.
Final Outcome
The bench has reserved its orders in the main insolvency application (Inv. P (IBC) No. 1/JPR/2026). A related company petition, CP No. (IB)-85/9/JPR/2025, has been adjourned and is scheduled to be taken up next on August 5, 2026, based on a request made to the bench.
Topics: Insolvency, NCLT, Operational Debt