Scan Steels Ltd vs Ashoka Machine Tools Insolvency Adjournment

Case Details

Case Name: M/s. Scan Steels Limited vs Ashoka Machine Tools International Pvt. Ltd.

Court/Authority: National Company Law Tribunal, New Delhi Court-III (Division Bench)

Case Numbers: IB-688(ND)/2020, IA-5814/2024, IA-729/2025

Nature of Case: Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016

Order Date: 19th May 2026

Parties Involved

Petitioner/Applicant: M/s. Scan Steels Limited

Respondent: Ashoka Machine Tools International Pvt. Ltd.

Representation for Board of Management: Mr. Onkar Roy, Mr. Puneet Singh Yadav, Mr. Yash Goyal, Mr. Aastha Phuloria (Advocates)

Tribunal Composition

Hon'ble Member (Judicial): Shri Bachu Venkat Balaram Das

Hon'ble Member (Technical): Shri Ravindra Chaturvedi

Hearing Details

Mode of Hearing: Hybrid Hearing (Physical & Video Conference)

Current Proceedings

The matter has been adjourned to 14th July 2026 due to paucity of time.

The order was signed by Shri Ravindra Chaturvedi, Member (Technical).

Status

This is a procedural order for adjournment. No substantive proceedings, findings, allegations, penalties, or rulings on the merits of the case have been documented in this particular order.