Case Details
Case Name: Union Bank of India vs. Aksh Optifibre Ltd.
Court/Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Case Number: CP No. (IB)-88/7/JPR/2025
Petition Filed Under: Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC)
Date of Hearing: May 20, 2026
Parties Involved
Financial Creditor (Petitioner): Union Bank of India
Corporate Debtor (Respondent): Aksh Optifibre Ltd.
Bench: Hon'ble Ms. Reeta Kohli (Judicial Member) and Hon'ble Ms. Kavita Bhatnaagar (Technical Member)
Representation: For the Applicant: Amol Vyas, Adv. For the Corporate Debtor: Abhishek Purohit, Adv., Sonal Anand, Adv., Surbhi Singh, Adv.
Procedural Status
The hearing was conducted through a web-based video conferencing platform. The counsel for the Corporate Debtor, Aksh Optifibre Ltd., informed the tribunal that a reply to the petition had already been filed. This reply is stated to be under scrutiny by the tribunal.
Final Ruling & Enforcement
The tribunal has adjourned the matter and posted it for the next hearing on June 29, 2026. The order explicitly states, "It is made clear that no further [adjournment] shall be granted." This indicates the tribunal's intent to proceed with the case without further delays after the submitted reply has been scrutinized.
The order is procedural and does not detail the specific allegations, financial claims, or potential outcomes of the insolvency petition at this stage.