Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 17 June 2026
Case Overview
This matter concerns Interim Application IA/388(MP)2024 filed within the main insolvency proceeding TP 230 of 2019 [which originated from CP(IB) 192 of 2017]. The application was filed by Sanjay Sangmanerkar & Others against Chhaya Gupta, the Resolution Professional (RP) of JSM Devcons 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. The adjournment was granted because the Court Officer informed the bench that a leave note had been received from the Respondent, Resolution Professional Chhaya Gupta. In the note, she stated she was unable to appear before the tribunal due to personal difficulties and sought an adjournment. Consequently, the matter has been adjourned and is now listed for the next hearing on 11 August 2026.
Topics: Insolvency Proceedings, NCLT Hearing