Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 06/07/2026
Case Overview
The application IA/25(MP)2025 was filed in the main insolvency proceeding CP(IB)/81(MP)2022. The applicant was Ashok Kumar Gulla, serving as the Resolution Professional (RP) of M/s Carnival Films Pvt Ltd. The respondent was M/s Balaji Infraventures Pvt Ltd. The application was filed under Section 25 read with Section 60(5) of the Insolvency and Bankruptcy Code, 2016, and Rule 11 of the NCLT Rules. The matter was heard by a bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member - Judicial) and Hon'ble Shri Man Mohan Gupta (Member - Technical). During the proceedings, the applicant was represented by Advocate Mr. Abhinandan Sharma, who appeared online. There was no representation for the respondent, Balaji Infraventures Pvt Ltd.
Final Outcome
The counsel for the applicant (the Erstwhile Resolution Professional) requested an adjournment. The bench allowed the request and adjourned the matter. The next date for hearing is set for 04.08.2026. The order was signed by both members of the bench.
Topics: Insolvency Proceeding, NCLT Adjournment