Authority: National Company Law Tribunal, Jaipur Bench
Order Date: July 07, 2026
Case Overview
This order pertains to multiple Interlocutory Applications (IA No. 271/JPR/2022, IA No. 20/JPR/2023, IA No. 232/JPR/2023, and IA No. 436/JPR/2024) filed in the main insolvency petition CP No. (IB)-170/7/JPR/2019. The main petition was initiated by AU Small Finance Bank Ltd. (Financial Creditor/Applicant) against M/s Coral Infragold Pvt. Ltd. (Corporate Debtor/Respondent) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC, 2016). The proceedings were conducted via a web-based video conferencing platform. Representatives for all parties were present, including counsel for the Resolution Professional (Lipi Garg, Adv. and Satyendra Prasad Khorania in person), the Applicant (Mehak Jain, Adv. for Shivangshu Naval, Adv.), the Respondent (Amol Vyas, Adv. and Abhishek Purohit, Adv.), and Bank of India (Shashank Jain, Adv. for Vikas Jain, Adv.).
Final Outcome
The Hon'ble Ms. Reeta Kohli, Judicial Member, passed a procedural order. Based on a request made by the counsel for the applicant, all the aforementioned interlocutory applications were adjourned and posted for hearing on a future date: July 22, 2026. No substantive decisions on the merits of the applications or the insolvency petition were made in this order.
Topics: Insolvency Proceeding, NCLT Adjournment, Corporate Debtor