Authority: National Company Law Tribunal, New Delhi Bench (Court - II)
Order Date: 10.07.2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi Bench, comprising Hon'ble Member (Judicial) Ashok Kumar Bhardwaj and Hon'ble Member (Technical) Atul Chaturvedi, heard an application filed by J.C. Flowers Asset Reconstruction Pvt. Ltd. (Financial Creditor) against Bliss Villa (Delhi) Private Limited (Corporate Debtor). The application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 for initiation of Corporate Insolvency Resolution Process against the corporate debtor. The matter was heard through hybrid mode (Virtual Conference and Physical). The Financial Creditor was represented by Advocates Shivam Sharan, Naman Gowda, and Siddhant Ahirwal, while the Corporate Debtor was represented by Advocate Udipto Koushik Sarmah.
Final Outcome
The Bench reserved its order on the application (IA-3070/ND/2026). The final decision on whether to admit or reject the insolvency application under Section 7 of IBC, 2016 is pending and will be delivered at a later date.
Topics: Insolvency Proceedings, NCLT Order, Corporate Debt