Authority: National Company Law Tribunal (NCLT), Indore Bench, Court No. 1
Order Date: 17 June 2026
Case Overview
This is a proceeding under Section 35(1)(n) of the Insolvency and Bankruptcy Code, 2016 read with Regulation 15, concerning the liquidation of Girdharilal Sugar & Allied Industries Ltd. The applicant is Amresh Shukla, the Liquidator of the company. The matter before the tribunal was an interlocutory application (IA(Liq.)[Progress Report]/23(MP)2026) filed in the main liquidation case (TP 182 of 2019, which arose from CP(IB) 591 of 2019).
During the hearing, the Liquidator's counsel, Ms. Iha K. Verma, informed the tribunal that a previous order passed by this NCLT bench in application IA/179(MP)2026 on 13 April 2026 has been challenged before the National Company Law Appellate Tribunal (NCLAT). She stated that the appeal is pending consideration before the NCLAT. On this ground, she sought a short accommodation, or adjournment, of the current matter.
Final Outcome
The two-member bench, comprising Member (Technical) Shri Man Mohan Gupta and Member (Judicial) Shri Brajendra Mani Tripathi, granted the request for an adjournment. The matter has been rescheduled and will next be listed for hearing on 17 July 2026. No substantive orders on the merits of the progress report were passed in this hearing.
Topics: Insolvency Proceeding, Liquidation, NCLT