Authority: National Company Law Tribunal, Jaipur Bench
Order Date: July 14, 2026
Case Overview
The National Company Law Tribunal (NCLT) Jaipur Bench heard multiple interlocutory applications (IAs) in the ongoing corporate insolvency resolution process of M/s Coral Infragold Pvt. Ltd. The matter originates from CP No. (IB)-170/7/JPR/2019 filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 by M/s AU Small Finance Bank Ltd. as the financial creditor against the corporate debtor, M/s Coral Infragold Pvt. Ltd. The specific applications being heard were IA No. 119/JPR/2021, IA No. 246/JPR/2021, IA No. 670/JPR/2023, IA No. 319/JPR/2024, IA No. 320/JPR/2024, and IA No. 321/JPR/2024.
The Resolution Professional (RP), Satyendra Prasad Khorania, appearing in person, informed the bench that another application, IA No. 7/JPR/2022, is scheduled for disposal on July 28, 2026. The RP stated that the outcome of that pending application may have some impact on the current set of applications before the bench.
Final Outcome
The bench, comprising Hon'ble Ms. Reeta Kohli (Judicial Member) and Hon'ble Ms. Kavita Bhatnagar (Technical Member), granted the request for adjournment. All six interlocutory applications (IA No. 119/JPR/2021, IA No. 246/JPR/2021, IA No. 670/JPR/2023, IA No. 319/JPR/2024, IA No. 320/JPR/2024, and IA No. 321/JPR/2024) have been adjourned and posted for next hearing on August 11, 2026, awaiting the outcome of the related application IA No. 7/JPR/2022.
Topics: Insolvency, Banking