Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: June 16, 2026
Case Overview
The National Company Law Tribunal (NCLT) Indore Bench heard an application filed by Teena Saraswat Pandey, the Resolution Professional (RP) of PK Global Power Pvt Ltd, under Section 30(6) read with Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application sought the tribunal's approval for a resolution plan for the corporate debtor, PK Global Power Pvt Ltd. The matter was listed as IA(Plan)/1(MP)2026 in the main petition CP(IB)/15(MP)2024. Representatives for both the applicant Resolution Professional and the suspended management of the company were present for the hearing.
Final Outcome
The two-member bench, comprising Member (Judicial) Shri Brajendra Mani Tripathi and Member (Technical) Shri Man Mohan Gupta, did not make a decision on the resolution plan. The bench adjourned the matter and listed it for the next hearing on July 15, 2026. No reasons for the adjournment or details about the resolution plan were provided in this procedural order.
Topics: Corporate Insolvency, NCLT Proceedings, Resolution Plan