Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Order Date: June 17, 2026
Case Overview
This is an order in an interlocutory application (IA No. 238/JPR/2026) arising from the main insolvency petition (CP No. (IB)-88/7/JPR/2022). The petition was filed by Union Bank of India (Financial Creditor/Applicant) against M/s Swastik Copper Pvt. Ltd. (Corporate Debtor/Respondent) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The matter was heard by a bench comprising Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnaagar via video conferencing. Counsel for the respondent (Corporate Debtor) raised a procedural issue, stating that they had not been provided with a copy of the interlocutory application (IA) and were therefore unable to file a reply to it.
Final Outcome
The NCLT directed the applicant (Financial Creditor) to furnish a copy of the interlocutory application to the respondent's counsel on the same day (June 17, 2026). Upon receipt, the respondent was granted a period of ten days to file their reply, with an advance copy to be provided to the opposite counsel. The matter was adjourned and posted for final arguments on July 21, 2026.
Topics: Insolvency, Banking NPA