Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 06/07/2026
Case Overview
The National Company Law Tribunal (NCLT) Indore Bench heard Interlocutory Application No. IA/26(MP)2025, which was filed in the main Company Petition CP(IB)/81(MP)2022. The application was filed under Section 25 read with Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules. The applicant was Ashok Kumar Gulla, serving as the Resolution Professional (RP) of M/s Carnival Films Pvt Ltd. The respondent was Premier M Plex. During the hearing, only the applicant's counsel, Mr. Abhinandan Sharma, appeared via online mode. The respondent was not represented as no one appeared on their behalf.
Final Outcome
The NCLT Bench, comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical), allowed the request for time made by the counsel for the erstwhile Resolution Professional. The matter was adjourned and listed for the next hearing on August 4, 2026. No substantive orders were passed on the merits of the case during this hearing.
Topics: NCLT Proceeding, Insolvency Matter, Adjournment