Authority: National Company Law Tribunal, Jaipur Bench
Order Date: June 16, 2026
Case Overview
The National Company Law Tribunal (NCLT) Jaipur Bench heard IA No. 275/JPR/2026 in IB No. 054(PB)/2018, which is an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The matter involves Alchemist Asset Reconstruction Company Ltd. as the financial creditor/applicant versus Jaipur Metals & Electricals Ltd. as the corporate debtor/respondent. The bench comprised Hon'ble Ms. Reeta Kohli (Judicial Member) and Hon'ble Ms. Kavita Bhatnagar (Technical Member).
During the hearing, the matter was called out twice, but there was no representation on behalf of the applicant financial creditor (Alchemist Asset Reconstruction Company Ltd.).
Final Outcome
The NCLT Jaipur Bench adjourned the hearing "in the interest of justice" and rescheduled the matter for the next hearing on June 23, 2026. No substantive decisions were made on the merits of the insolvency petition due to the absence of the applicant's representation.
Topics: Insolvency Proceedings, Corporate Debt, NCLT Hearing