Authority: National Company Law Tribunal, Bengaluru Bench (Special Bench)
Order Date: 09 July 2026
Case Overview
The National Company Law Tribunal (NCLT), Bengaluru Bench heard CP (IB) No.131/BB/2026, an insolvency petition filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The petitioner is QDOS Flexcircuits (India) Private Limited, and the respondent is Mr. Mathikere Jayaram Shantharam, an individual. During the hearing, counsel for the petitioner requested an adjournment because their senior arguing counsel was not available. Upon reviewing the case, the Tribunal noted a significant procedural deficiency: the petition includes a claim involving a foreign company, but the required authorization from that foreign entity has not been produced and filed with the Tribunal.
Final Outcome
The Bench, comprising Judicial Member Shri Sunil Kumar Aggarwal and Technical Member Shri Banwari Lal Meena, granted the adjournment. They directed the petitioner to address the authorization deficiency concerning the foreign company's claim. The case has been listed for the next hearing on 10 August 2026.
Topics: Insolvency Petition, NCLT Proceeding, Legal Authorization