Authority: National Company Law Tribunal, New Delhi Bench (Court – II)
Order Date: 10 July 2026
Case Overview
This matter pertains to an interlocutory application (IA-3091/ND/2026) filed within the main insolvency petition (IB-143/ND/2022). The main petition was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016 by Orbis Trusteeship Services Private Limited against Nobal Buildtech Private Limited. The specific application in this order was filed by the Suspended Directors, Promoters, or Board of Nobal Buildtech Private Limited. The exact nature of the relief sought in their application is not detailed in the provided text, but the Tribunal found its very filing to be inappropriate.
The principal issue considered by the Tribunal was the legal standing (locus standi) of the suspended management to file such an application. The Tribunal observed that it is incumbent upon suspended directors to provide information to the Resolution Professional (RP) as mandated under Section 19 of the IBC, 2016, not to file applications. The Bench categorically termed the application as "absurd and misconceived" and expressed its inability to understand the basis on which it was filed.
Final Outcome
The National Company Law Tribunal rejected and dismissed the application (IA-3091/ND/2026) filed by the Suspended Directors/Promoters/Board of Nobal Buildtech Private Limited. The application was held to be not maintainable due to a lack of locus standi on the part of the applicants. The order reinforces the procedural hierarchy and roles defined under the IBC, confirming that the suspended management's primary obligation is to cooperate with the Resolution Professional.
Topics: Insolvency Proceeding, NCLT Order, Locus Standi