Authority: National Company Law Tribunal, New Delhi Court-V (Special Bench)
Order Date: 15 July 2026
Case Overview
The National Company Law Tribunal (NCLT) New Delhi heard an application filed by Srei Equipment Finance Limited (Financial Creditor) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Brace Iron and Steel Private Limited (Corporate Debtor). The matter was heard in a hybrid mode (physical and video conference). Both parties were represented by their senior counsel and legal teams. The Financial Creditor was represented by Senior Advocate U.K. Choudhary along with Advocates Ranjana Roygawai, Vasudha Sen, Vineet Wadhwa, and Shreyash Mittal. The Corporate Debtor was represented by Advocates Mahajan, Aishwarya Adlakha, and Sparsh Jain.
Final Outcome
The bench, comprising Member (Judicial) Shri Mahendra Khandelwal and Member (Technical) Ms. Anu Jagmohan Singh, adjourned the matter. It is now listed for next consideration on 23 July 2026.
Topics: Insolvency Proceeding, NCLT, Corporate Debt