Authority: National Company Law Tribunal Chandigarh Bench (Court - II) - Special Bench
Order Date: July 13, 2026
Case Overview
The National Company Law Tribunal (NCLT) Chandigarh Bench heard matter CP (IB) No. 286/Chd/J&K/2019, which is an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was filed by Seema Mehta & Others as petitioners against Nectar Commercial Estates Ltd as the respondent. The case had been previously restored on September 3, 2024, indicating it had been dormant or stayed before being reactivated.
During the hearing on July 13, 2026, none of the parties appeared before the bench comprising Hon'ble Member (Technical) Shri Shishir Agarwal and Hon'ble Member (Judicial) Shri K. Biswal. Due to the absence of representation from both the petitioners and the respondent company, the bench could not proceed with the matter substantively.
Final Outcome
The NCLT bench adjourned the matter and listed it for the next hearing on September 28, 2026. The order simply records the absence of parties and sets the next date of hearing without making any substantive determinations on the insolvency petition itself.
Topics: Corporate Insolvency, NCLT Proceedings