Authority: National Company Law Tribunal (NCLT), Indore Bench, Court No. 1
Order Date: 17 June 2026
Case Overview
This is an Interlocutory Application (IA/20(MP)2025) filed within the main insolvency proceeding (TP 230 of 2019, which arose from CP(IB) 192 of 2017). The application was filed by Parag Jain against Chhaya Gupta, the Resolution Professional (RP) of JSM Devcons Pvt Ltd. The proceedings are under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules.
Final Outcome
The hearing was adjourned. The adjournment was granted because the Court Officer informed the bench that a leave note had been received from the Respondent/Resolution Professional, Chhaya Gupta. In the note, she stated she was unable to appear before the tribunal due to personal difficulties and sought an adjournment. With no one appearing for the respondent, the bench, comprising Member (Judicial) Shri Brajendra Mani Tripathi and Member (Technical) Shri Man Mohan Gupta, adjourned the matter. The next hearing is scheduled for 11 August 2026.
Topics: Insolvency Proceeding, NCLT Hearing, Adjournment