Authority: National Company Law Tribunal Kolkata Bench (Special Bench P-106 Court-I)
Order Date: 29th June 2026
Case Overview
The National Company Law Tribunal (NCLT) Kolkata Bench heard multiple interlocutory applications related to the corporate insolvency resolution process of Manglam Fiscal Services P. Ltd. The matter was initiated under Section 7 of the Insolvency and Bankruptcy Code (IBC) by State Bank of India as the financial creditor. The case involves several applications including IA(I.B.C)/397(KB)2024, IA (LIQ.) PROGRESS REPORT/184(KB)2026, IA(I.B.C)/1259(KB)2025, IA (LIQ.) PROGRESS REPORT/87(KB)2026, IA(IBC)(LIQ.)/6(KB)2026, IA(I.B.C)/1014(KB)2025, IA(I.B.C)/1059(KB)2025, IA(I.B.C)/559(KB)2024, IA(I.B.C)/1135(KB)2025, and IA(I.B.C)/1044(KB)2025.
Final Outcome
The special bench comprising Hon'ble Member (Judicial) Shri Vinay Goel and Hon'ble Member (Technical) Ms. Rekha Kantilal Shah adjourned the matter due to the unavailability of the regular bench. The case has been listed for next hearing before the regular bench on July 28, 2026. The liquidator and the stakeholders' consultation committee were represented by advocates during the proceedings.
Topics: Corporate Insolvency, NCLT Proceedings, Liquidation Process