Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 17 June 2026
Case Overview
The matter concerns Interim Application No. IA/16(MP)2025 filed in Transfer Petition No. 230 of 2019, which originates from Company Petition (IB) No. 192 of 2017. The application was filed by Vaibhav Nirwani against Chhaya Gupta, the Resolution Professional of JSM Devcons India Pvt Ltd. The proceedings are being conducted under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the NCLT Rules. The bench comprised Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical).
Final Outcome
The hearing was adjourned because the Court Officer informed the bench that a leave note had been received from the Respondent/Resolution Professional, Chhaya Gupta. The note stated she was unable to appear due to personal difficulties and sought an adjournment. The tribunal granted the adjournment and listed the matter for the next hearing on 11 August 2026.
Topics: Insolvency Proceeding, NCLT Hearing, Adjournment