Authority: National Company Law Tribunal, New Delhi Principal Bench
Order Date: 15.07.2026
Case Overview
The National Company Law Tribunal (NCLT) heard matters related to the corporate insolvency resolution process of M/s. Vardhaman Esates & Developers Pvt Ltd under Section 7 of the Insolvency & Bankruptcy Code, 2016. The case originates from petition IB-674(PB)/2021 filed by Sanjib Kumar & Others against the corporate debtor. The tribunal conducted a hybrid hearing (physical and video conference) with multiple legal representatives appearing for different parties involved in the proceedings.
Final Outcome
The NCLT reserved its order on interlocutory application IA-2207/2026 after hearing arguments. The related matters including IA-29/2025 ( concerning the resolution plan), Cont.P-12/2025 (contempt petition), and IA-4846/2024 were adjourned and listed for further hearing on July 28, 2026. The bench comprised Justice Anupinder Singh Grewal (Hon'ble President) and Shri Ravindra Chaturvedi (Hon'ble Member - Technical).
Topics: Insolvency Proceedings, NCLT Order, Corporate Debtor