Authority: National Company Law Tribunal, New Delhi Court-IV
Order Date: 09 July 2026
Case Overview
The National Company Law Tribunal (NCLT), New Delhi Bench-IV, heard multiple interconnected applications (IA/3105/ND/2025, IA/5302/ND/2023, IA/4677/ND/2023, IA/6395/ND/2022, IA/3941/ND/2025, IA/3617/ND/2025, IA/5041/ND/2025, IA/5046/ND/2025, IA/2075/ND/2023, IA/1333/ND/2026) in the main insolvency petition IB/199/ND/2022. The matter involves M/s. Sawaria Seth Infratech Pvt. Ltd. as the applicant versus M/s Proview Infrastructure Pvt. Ltd. as the respondent under Section 9 of the Insolvency & Bankruptcy Code, 2016. The two-member bench comprising Hon'ble Member (Judicial) Shri Mahendra Khandelwal and Hon'ble Member (Technical) Shri Atul Chaturvedi conducted a hybrid hearing (physical and video conference). Multiple legal representatives were present for the various parties involved, including advocates for the applicant, respondent, resolution professional, Phoenix ARC, and suspended directors.
Final Outcome
Due to paucity of time, the case was adjourned to 05 August 2026 without any substantive hearing or decision on the merits of the case. The order was signed by Member (Technical) Shri Atul Chaturvedi.
Topics: Insolvency Proceeding, Court Adjournment, Corporate Dispute