Neeraj Mohan Agarwal and Another, Applicant/ M/S. Pawan Chemicals, Judgement Creditor v. M/S. Pawan Chemicals

What is this about?

Insolvency jurisdiction, Bombay High Court OOCJ: adjournment discipline and conditional cost sanction against judgment-debtors. Judgment-debtors Neeraj Mohan Agarwal and another (applicants); joint creditor M/s. Pawan Chemicals (respondent, ex parte); petitioning-creditor represented by Girish B. Kedia with Ujwala Karpe and Manoj Agre; judgment-debtors' counsel Rebecca Almeida (filed by Dr. D. S. Hatle, whose presence underlay the adjournment request); Official Assignee C. J. Bhatt with Deputy O.A. Subodh Patil; Insolvency Registrar Rekha Rane. Key elements: clarification application pending before City Civil Court (listed 25 February 2026); specific direction of 13 February 2026 barring adjournment; defiance on 5 March 2026 citing advocate unavailability; renewed time request by Ms. Almeida for her senior to argue; conduct deemed prolonging, delaying, highly deprecable; last-chance adjournment to 27 March 2026; costs Rs. 25,000/- payable to Tata Memorial Hospital, E. Borges Road, Parel, Mumbai 400 012; default triggers declaration of insolvency without further reference to the Court; blanket prohibition on further adjournments on 27 March 2026. Bench: Jitendra Jain, J. Decision date: 13 March 2026. No statutes and no precedent cases are cited in the judgment.