Authority: National Company Law Tribunal Kolkata Bench - Court II (Special Bench P-104)
Order Date: 29th June 2026
Case Overview
The National Company Law Tribunal (NCLT) Kolkata Bench, comprising Member (Technical) Ms. Rekha Kantilal Shah and Member (Judicial) Shri Cheekati Radha Krishna, heard an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition was filed by financial creditor Central Bank of India against corporate debtor UNILAD INTERNATIONAL LIMITED (Case No. C.P. (IB)/120(KB)2026). During the hearing on 29th June 2026, counsel for the respondent (corporate debtor) sought additional time to file their reply affidavit in the matter.
Final Outcome
The Bench granted the corporate debtor three days from 29th June 2026 to file their reply affidavit. Upon filing of the reply, the financial creditor (Central Bank of India) is directed to file their rejoinder within the subsequent five days. The matter has been adjourned and is now listed for the next hearing on 14th July 2026.
Topics: Corporate Insolvency, Banking Litigation