Authority: National Company Law Tribunal, New Delhi Court-IV (Single Bench)
Order Date: 20 July 2026
Case Overview
This proceeding concerns the liquidation of I.E Trading Company Pvt Ltd. under the Insolvency and Bankruptcy Code, 2016. The applicant, M/s Store Supply (INDIA) Agency, is involved in the process. The Liquidator, Sanjay Aggarwal, represented by Adv. Vinod Chaurasia, filed a new Interlocutory Application (IA), identified as Progress Report /451/ND/2026. This application constitutes the 27th Progress Report submitted by the Liquidator, filed in compliance with Regulation 15 of the IBBI (Liquidation Process) Regulations, 2016, for the quarter ending June 2026.
During the hearing, the Learned Counsel for the Liquidator submitted that family disputes pertaining to the companies are currently pending before the Delhi High Court. The counsel stated that appropriate steps would be taken to approach the High Court to seek suitable orders regarding these disputes.
Final Outcome
The Hon'ble Member (Judicial), Shri Mahendra Khandelwal, allowed the IA. The Progress Report for the quarter ending June 2026 was taken on record. The tribunal's order directs the involved parties to proceed with seeking necessary resolutions from the Delhi High Court concerning the ongoing family disputes.
Topics: Insolvency Proceeding, Liquidation Update, NCLT Order