Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 22 June 2026
Case Overview
This Interlocutory Application (IA/426(MP)/2024) arises from Transfer Petition 233 of 2019, which itself originates from Company Petition (IB) 209 of 2018. The applicant, Shree Balaji Bio CNG Pvt Ltd, is seeking relief against the respondent, Amresh Shukla, who is the Liquidator of Goel Agrigreen Fields Pvt Ltd (the Corporate Debtor). The core dispute concerns the implementation of a completed liquidation process where the Corporate Debtor was sold as a going concern to the applicant. The applicant claims to have paid the entire sale consideration and alleges that the liquidator is deliberately delaying the final handing over of management and control of the Corporate Debtor.
During the hearing, the respondent/liquidator submitted a leave note seeking an adjournment. The applicant's counsel appeared and vehemently opposed this adjournment. The applicant's primary contention is that the liquidation process is complete, the sale is finalized, and the only remaining formality is the transfer of management control. The applicant accused the liquidator of adopting dilatory tactics, causing undue prejudice despite the applicant's full compliance with the sale terms.
Final Outcome
The NCLT Bench, comprising Member (Judicial) Shri Brajendra Mani Tripathi and Member (Technical) Shri Man Mohan Gupta, noted the submissions and the leave note from the respondent. The tribunal did not rule on the merits of the application but adjourned the matter. The case is now listed for the next hearing on 3 July 2026.
Topics: Insolvency, Corporate Litigation