Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 16/06/2026
Case Overview
The matter concerns Interlocutory Application IA/359(MP)2026 filed in connection with main Company Petition CP(IB)/53(MP)2023. The application was filed by AAA Insolvency Professionals LLP under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The applicant sought approval for the Monthly Progress Report for the liquidation process covering the period from 07 May 2026 to 06 June 2026. This filing was made in compliance with the directions of the Tribunal issued vide order dated 30 April 2026 in IA/85(MP)2026, read with Section 35(1)(n) of the IBC, 2016 and Regulation 15(1) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016.
Final Outcome
The matter was called twice during the hearing. In the first round, no representative appeared for either side, and the matter was passed over. When called again in the second round, there was still no representation from any party. Consequently, the Tribunal adjourned the matter without passing any substantive order or making any observations on the merits of the application. The case has been relisted for the next hearing on 23 June 2026.
Topics: Insolvency Proceedings, Liquidation Process, Tribunal Adjournment