Authority: National Company Law Tribunal Indore Bench Court No. 1
Order Date: 16/07/2026
Case Overview
The matter involves winding-up proceedings under Section 433(f) of the Companies Act, 1956, filed as TP 3 of 2020 [CP 24 of 2015]. The applicants are Virendra Singh Bhandari & Others versus the respondent Bhandari Crossfields Ltd. The bench comprised Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical). Both parties were represented by legal counsel, with Mr. Vijayesh Atre and Ms. Aarya Chhangnai appearing for the applicants, and Mr. Mitul Saxena and Mr. Amit Tatke representing the respondent company.
Final Outcome
The tribunal adjourned the matter to August 20, 2026, based on the respondent's submission that an appeal against the dismissal of a petition under Section 252 of the Companies Act is currently pending before the National Company Law Appellate Tribunal (NCLAT). The court noted that pleadings in the current matter stand completed but decided to await the outcome of the related NCLAT appeal before proceeding further with the winding-up proceedings.
Topics: Legal Proceedings, Corporate Insolvency