Authority: National Company Law Tribunal, Kolkata Bench, Court - II
Order Date: 29th June 2026
Case Overview
This is an order from a hearing in an ongoing insolvency petition. The petition, C.P. (IB)/92(KB)2026, was filed by BMW Fin - Invest Private Limited (Financial Creditor) against Aradhya Buildcon Private Limited (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code (IBC). The matter was heard by a special bench consisting of Hon'ble Member (Judicial) Shri Cheekati Radha Krishna and Hon'ble Member (Technical) Ms. Rekha Kantilal Shah. The corporate debtor had previously filed a reply affidavit to the petition.
Final Outcome
The Tribunal adjourned the hearing and listed the matter for the next hearing on 07.07.2026. The learned counsel for the financial creditor (petitioner) sought time to file a rejoinder to the reply affidavit submitted by the corporate debtor (respondent). The bench allowed this request, granting a period of seven days from June 29, 2026, for the filing of the rejoinder. The order explicitly states that no further opportunity will be granted for this filing.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debt