Authority: National Company Law Tribunal, New Delhi Principal Bench (Single)
Order Date: July 17, 2026
Case Overview
The transfer application was filed by WTC Noida Development Company Private Limited seeking to transfer Company Petition (IB) No. 282/ND/2026 from NCLT Bench IV to NCLT Bench VI, New Delhi. The applicant, represented by Senior Advocate Mr. P. Nagesh, argued that six petitions involving the same company with overlapping issues and connected disputes are already pending before Court No. VI. The current petition before Court No. IV is at the initial stage where only notice has been issued. The respondent, Rare Asset Reconstruction Limited, represented by Advocate Mr. Ajatshatru Singh Rawat, opposed the transfer prayer and sought time to file a reply.
Final Outcome
The NCLT issued notice to the respondents returnable by July 31, 2026. The respondent was granted one week to file their reply. The matter has been listed for arguments on July 31, 2026. The tribunal did not make any ruling on the transfer request at this stage, only setting the procedural timeline for further submissions.
Topics: NCLT Procedure, Case Transfer, Insolvency Petition