Authority: National Company Law Tribunal, Jaipur Bench
Order Date: June 15, 2026
Case Overview
The matter is a petition (CP No. (IB)-31/9/JPR/2026) filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The operational creditor, M/s Sai Kripa Indenting, is the petitioner. The corporate debtor, M/s Sneh Exports Private Ltd., is the respondent. The petition is an initiation of the corporate insolvency resolution process against the corporate debtor. During the hearing, a Company Secretary, Azeem Tariq Khan, appeared on behalf of the corporate debtor, Sneh Exports. He informed the tribunal that a reply to the petition had already been filed and a copy had been served upon the petitioner, Sai Kripa Indenting. However, the filed reply was noted to be under defects, meaning it did not meet all procedural or formal requirements for submission.
Final Outcome
The bench, comprising Judicial Member Reeta Kohli and Technical Member Kavita Bhatnagar, issued a directive for the corporate debtor to cure the defects in its filed reply. A timeline of three days from the date of the order (i.e., by June 18, 2026) was granted for this rectification. The matter was adjourned and is scheduled to be next heard for arguments on July 1, 2026.
Topics: Insolvency Petition, NCLT Proceeding, Corporate Debtor