Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: July 6, 2026
Case Overview
The National Company Law Tribunal (NCLT) Indore Bench heard proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC). The case involves Chandra Nirman Pvt Ltd as the applicant (operational creditor) versus Madhya Pradesh Urban Development Co. Ltd as the respondent. The matter was listed under case number CP(IB)/19(MP)2023. The bench consisted of Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical).
During the hearing, the learned counsel for the applicant, Mr. Sanyam Jain, appeared online and sought an adjournment. The learned counsel for the respondent, Mr. Shantnu Chourasia, also appeared online.
Final Outcome
The tribunal allowed the adjournment request from the applicant's counsel. The matter was relisted for the next hearing on July 15, 2026. The order was signed by both members of the bench.
Topics: Insolvency Proceeding, NCLT Hearing, Case Adjournment