Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 08/06/2026
Case Overview
This is an interlocutory application (IA/187(MP)2026) filed within the main insolvency proceeding TP 230 of 2019 [CP(IB) 192 of 2017]. The application is filed by Pramod Kumar Vaya & Anr against Chhaya Gupta, the Resolution Professional (RP) of JSM Devcons India Pvt Ltd. The proceedings are conducted under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the NCLT Rules. The matter came up for hearing before a bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical).
Final Outcome
The Tribunal has adjourned the hearing to August 3, 2026. The Respondent/Resolution Professional, Chhaya Gupta, who was present in person, sought time to file a reply to the application. The NCLT directed the Resolution Professional to file her reply within 10 days and provide an advance copy to the Applicants. Upon receipt of the reply, the Applicants (Pramod Kumar Vaya & Anr) were granted one week to file their rejoinder.
Topics: Insolvency Proceeding, NCLT Order