Authority: National Company Law Tribunal, Jaipur Bench
Order Date: July 13, 2026
Case Overview
The National Company Law Tribunal (NCLT), Jaipur Bench, heard an application (IA No. 332/JPR/2026) filed in the matter of CP No. (IB)-45/7/JPR/2023, which is an insolvency proceeding initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016. The financial creditor in the case is M/s Shantanu Investments Pvt. Ltd., and the corporate debtor is M/s Aksh Optifibre Limited. The application was filed by the Interim Resolution Professional (IRP), Mr. Parveen Kumar Singhal (IBBI Registration No. AA1/10915/02/300627/109477). The application sought the tribunal's approval to take on record the IRP's written consent to act and his valid Authorization for Assignment (AFA).
The bench comprised Hon'ble Ms. Reeta Kohli (Judicial Member) and Hon'ble Ms. Kavita Bhatnagar (Technical Member). Representatives for the IRP, including advocates Deepak Garg, Preety Gupta, and Bhavya Gupta, were present during the proceedings conducted via web-based video conferencing.
Final Outcome
The NCLT disposed of the application by admitting the IRP's appointment. The tribunal noted that the Authorization for Assignment (AFA) is valid until June 30, 2027, and ordered that both the written consent and the valid AFA be taken on record. The application was thus disposed of.
Topics: Insolvency Proceeding, NCLT Order, IRP Appointment