Authority: National Company Law Tribunal, New Delhi Principal Bench
Order Date: 14 July 2026
Case Overview
This matter involves an insolvency petition filed by Punjab National Bank (Petitioner) against Pelican Grand Motels Private Limited (Respondent) under Section 7 of the Insolvency & Bankruptcy Code, 2016. The order addresses three interim applications: IA-4252/2025, IA-4171/2025, and IA-641/2026. The bench comprised Justice Anupinder Singh Grewal (Hon'ble President) and Shri Ravindra Chaturvedi (Hon'ble Member - Technical). The hearing was conducted in hybrid mode (physical and video conference).
Final Outcome
The Tribunal adjourned all three interim applications and listed them for the next hearing on 5th August 2026.
Topics: Insolvency Proceedings, Banking Dispute, NCLT Hearing