Authority: National Company Law Tribunal (NCLT), New Delhi Court-VI
Order Date: June 29, 2026
Case Overview
This is an order from the National Company Law Tribunal (NCLT) in New Delhi concerning a petition filed by M/s SadhanaCity Homes Private Limited (Petitioner) against M/S UPAL Buildtech Private Limited (Respondent). The petition was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, which allows financial creditors to initiate corporate insolvency resolution proceedings against a corporate debtor. The bench hearing the matter consisted of Hon'ble Member (Judicial) Justice Jyotsna Sharma and Hon'ble Member (Technical) Ms. Anu Jagmohan Singh. The hearing was conducted in a hybrid mode (physical and video conference).
Final Outcome
The tribunal did not issue a substantive ruling on the petition. The sole directive in this order was to re-notify the matter, adjourning the hearing to a future date of August 12, 2026. The order was signed by Registrar Utkarsh Yadav.
Topics: Insolvency Petition, Hearing Adjournment