Authority: National Company Law Tribunal, New Delhi Court-V (Single Bench)
Order Date: June 11, 2026
Case Overview
This is an order in an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The applicant is NITI International Limited, represented by its authorized representative, Amit Agarwal. The respondent is KMC Electronics Private Limited. The matter was listed for hearing, but no one was present on behalf of the applicant. The tribunal also noted that the applicant had failed to comply with a previous order dated April 30, 2026.
Final Outcome
The Hon'ble Member (Judicial), Shri Manni Sankariah Shanmuga Sundaram, adjourned the matter. The case has been listed for the next hearing on July 20, 2026. No substantive order on the insolvency petition was passed due to the non-appearance and non-compliance of the applicant.
Topics: Insolvency, NCLT, Corporate Debt