Authority: National Company Law Tribunal (NCLT), Indore Bench, Court No. 1
Order Date: 17 June 2026
Case Overview
This order pertains to an Interlocutory Application (IA/65(MP)2023) filed within the main insolvency proceeding (TP 58 of 2019), which itself arose from a corporate petition (CP(IB) 131 of 2018). The applicant is AAA Insolvency Professionals LLP, represented by its partner Mr. Sanjay Kumar. The respondents are Mr. Jagdish Kumar Parulkar, the Resolution Professional (RP) of Madhya Bharat Phosphate Ltd, and another party. The matter was heard by a bench comprising Member (Judicial) Shri Brajendra Mani Tripathi and Member (Technical) Shri Man Mohan Gupta. During the hearing, the applicant's counsel, Mr. Jayesh Gupta, requested an adjournment on the grounds that a related matter is pending before the National Company Law Appellate Tribunal (NCLAT).
Final Outcome
The NCLT bench granted the request for an adjournment. The matter has been rescheduled for the next hearing on 11 August 2026.
Topics: Insolvency Proceeding, NCLT Adjournment, Corporate Litigation