Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 15/06/2026
Case Overview
The National Company Law Tribunal (NCLT) Indore Bench heard Interim Application No. IA/356(MP)2026 filed in the main matter TP 230 of 2019 [which originates from CP(IB) 192 of 2017]. The application was filed by D D & Company against Chaya Gupta, the Resolution Professional of JSM Devcons India Pvt Ltd, under Rule 11 of NCLT Rules.
The applicant sought three specific reliefs: (i) direction to the Resolution Professional not to consider Plot No. 129 Zone No.3 Block No.J and Plot No.130 Zone No.3 Block No.J as property of the Corporate Debtor; (ii) direction to the Resolution Professional not to offer these plots to the proposed Resolution Applicant as property of the Corporate Debtor; and (iii) direction to make appropriate provision in the offer for execution of necessary sale deed by the Successful Resolution Applicant in favor of the Applicant.
The matter had been previously fixed for hearing during the first round of hearings. During the second round, the counsel for the applicant appeared and requested an adjournment citing a medical exigency faced by the arguing counsel. The counsel undertook to inform the other side about the revised date.
Final Outcome
The NCLT Indore Bench, comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical), adjourned the matter and listed it for next hearing on July 3, 2026. No substantive decision was made on the merits of the application during this hearing.
Topics: Insolvency Proceedings, Asset Dispute, NCLT Adjournment