IN THE NATIONAL COMPANY LAW TRIBUNAL: CHANDIGARH

(through Hybrid Mode)

COURT-I

Item No. 101

IA(IBC)(PLAN) No.1/2025, IA(IBC) Nos.1234/2025, 1572/2024,

1591/2024, 1605/2024, 2355/2024, 2409/2024, 2631/2024,

2676/2024, 2686/2024

In

CP(IB) No. 291/Chd/Chd/2018

(Admitted)

IN THE MATTER OF:

Edelweiss Asset Reconstruction Co. Ltd, ….Petitioner

Vs.

Winsome Yarns Ltd. ….Respondent

Under Section: 7, 30(6), 19(2) 66(1) 45(1), IBC 2016, 43(1) r/w Sec 44(1)

Order delivered on 04.12.2025

CORAM:

SH. SHISHIR AGARWAL SH. K. BISWAL

HON’BLE MEMBER (T) HON’BLE MEMBER (J)

PRESENT:

For applicant in IA Nos.1234/2025 : Ms. Honey Satpal, Advocate 2355/2024, 2409/2024, 2631/2024, Mr. Sandeep Bajaj, Advocate

2676/2024, 2686/2024

For the SRA/respondent : Mr. Pulkit Goyal, Advocate For the CoC : Mr. Sugam Seth, Advocate For respondent in IA Nos.1234/2025 : Mr. Pulkit Deora, Advocate

2355/2024 & 2631/2024

For the RP : Mr. Anil Kohli, RP in-person

For applicant in IA No.1572/2024 : Mr. Sushant Kareer, Advocate

ORDER

IA(IBC) No.1572/2024

1. Mr. Sushant Kareer, ld. counsel for the applicant attends and states that on instructions, he wishes to withdraw the present application.

2. In view of the same, the present application IA(IBC) No.1572/2024 is dismissed as withdrawn IA No. 1591/2024

1. The present application has been filed under Section 60(5) of the IBC, 2016.

2. Mr. Atul V. Sood, ld. counsel for the applicant attends and requests time to file rejoinder to the reply filed by the respondent. Let the same be filed within one week with a copy in advance to the counsel opposite.

3. List the matter on 05.01.2026 for arguments.

IA(IBC) 1605/2024

1. Mr. Abhinav Punj, ld. counsel for the applicant attends and requests time to file rejoinder. Let the same be filed within one week with a copy in advance to the counsel opposite.

2. List the matter on 05.01.2026 for arguments.

IA(IBC) No.2355/2024

1. Mr. Anil Kohli, RP attends online and Ms. Honey Satpal, ld. counsel for the applicant attends and states that on instructions, she wishes to withdraw the present application filed under Section 19(2).

2. In view of the same, accordingly present application IA(IBC) No.2355/2024 is dismissed as withdrawn IA(IBC) 2409/2024

1. Ms. Honey Satpal, ld. counsel for the applicant attends and states that on instructions, she wishes to withdraw the present application.

2. In view of the same, the present application IA(IBC) 2409/2024 is dismissed as withdrawn IA(IBC) No.1234/2025

1. Ms. Honey Satpal, ld. counsel for the applicant attends and states that on instructions, she wishes to withdraw the present application, in view of the substantial compliances in the application. Accordingly the present application IA(IBC) 1234/2025 is dismissed as withdrawn IA(IBC) 2631/2024

1. The present application has been filed under Section 66(1) of the IBC, 2016 by the RP.

2. Reply has been filed and a copy of which is stated to have been received by the ld. counsel for the applicant today only. She seeks one-week time to file the rejoinder. Let the same be filed within one week with a copy in advance to the counsel opposite.

3. List the matter on 05.01.2026 IA(IBC) No.2676/2024

1. The present application has been filed by the RP under Section 43(1) of IBC.

2. Ms. Honey Satpal, ld. counsel for the applicant attends and states that reply and rejoinder with respect to Respondent No.1 have been filed. However, no reply has been received from Respondent No.2. With respect to Respondent No.2, Ms. Honey Satpal stated that notice sent through speed post has been returned back and no effective service of notice has taken place.

3. In view of the same, fresh notice be issued, to be served upon the respondent No.2 by the applicant so that effective proceeding can be take place. She may collect the fresh notice from the Registry within one week and get it served through speed /registered post and also through email and place the fresh affidavit of service on record before the next date of hearing.

If Respondent No.2 is served, then reply be filed with