NCLT Reserves Order in Prabhatam Advertising Insolvency Case

Case Details

Case Name: Prabhatam Advertising Pvt Ltd vs Panoptes India Pvt Ltd

Court/Authority: National Company Law Tribunal, New Delhi Court-IV

Case Number: IA/483/ND/2023 in IB/448/ND/2020

Date of Order: 25th May 2026

Governing Law: Section 9 of the Insolvency & Bankruptcy Code, 2016

Parties Involved

Petitioner/Applicant: Prabhatam Advertising Pvt Ltd

Respondent: Panoptes India Pvt Ltd

Resolution Professional: Mr. Deepak Kumar Garg

Authorized Representative for RP: CS Suraj Sharma

Tribunal Members: Shri Mahendra Khandelwal (Hon'ble Member - Judicial) and Shri Atul Chaturvedi (Hon'ble Member - Technical)

Proceedings

The matter pertains to an Interlocutory Application (IA/483/ND/2023) filed within the main insolvency petition (IB/448/ND/2020). The hearing was conducted in hybrid mode (physical and video conference). The Authorized Representative on behalf of the Resolution Professional and the Resolution Professional (Mr. Deepak Kumar Garg) appeared in person. After hearing the parties, the Tribunal reserved its order on the application.

Final Ruling

The order has been reserved by the Tribunal. No final decision or ruling was delivered on the date of this hearing. The outcome of the application remains pending until the reserved order is pronounced.