Case Details
Case Name: Kashmir Motor and General Finance Private Limited Vs. M/s. Vipul Ltd
Court/Authority: National Company Law Tribunal, New Delhi Principal Bench
Case No.: IB-128(PB)/2026
Order Date: 20.05.2026
Nature of Case: Application for condonation of delay in filing reply to petition under Section 7 of Insolvency & Bankruptcy Code, 2016
Parties Involved
Petitioner: Kashmir Motor and General Finance Private Limited
Respondent: M/s. Vipul Ltd
Petitioner's Counsel: Mr. Devansh Jain, Advocate
Tribunal Members: Justice Anupinder Singh Grewal (President), Shri Ravindra Chaturvedi (Member Technical)
Issues / Allegations / Violations
The application sought condonation of delay in filing the reply to the petition filed under Section 7 of the Insolvency & Bankruptcy Code, 2016. The delay occurred pursuant to the order passed by the Court on 25.03.2026.
Findings & Observations
The learned counsel for the respondent submitted that the reply could not be filed within the stipulated period due to circumstances beyond the control of the Respondent. The Tribunal noted the delay was for 3 days.
Final Ruling & Enforcement
The delay of 3 days in filing the reply was condoned. The application was allowed and stands disposed. The order was signed by both tribunal members.
Additional Details
Hearing Type: Hybrid Hearing (Physical & VC)
Application Number: New IA-2235/2026