Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 29 June 2026
Case Overview
The matter concerns Interim Application IA/92(MP)2024 filed within the main insolvency proceeding TP 258 of 2019 [which originated from CP(IB) 111 of 2018]. The application was filed by Vijender Sharma in his capacity as the Resolution Professional (RP) of Shree Maheshwar Hydel Power Corporation Ltd against respondents including Sanjay Jaiswal and others. The application was brought under specific sections of the Insolvency and Bankruptcy Code, 2016: Section 19(2) read with Sections 68(i)(c), 68(ii), and 70. These sections pertain to the duties and liabilities of the resolution professional and the management of the corporate debtor during the resolution process.
Final Outcome
The bench, comprising Member (Judicial) Shri Brajendra Mani Tripathi and Member (Technical) Shri Man Mohan Gupta, recorded the appearance of counsel for the applicant, who sought an adjournment. The tribunal allowed the request and adjourned the matter. The next hearing is scheduled for 17 August 2026. No substantive orders or rulings on the merits of the application were passed in this session.
Topics: Insolvency Proceeding, NCLT Hearing, Power Sector