Authority: National Company Law Tribunal (NCLT), Indore Bench, Court No. 1
Order Date: 09/06/2026
Case Overview
This is an order in an Interlocutory Application (IA) numbered IA/336(MP)2024, which was filed in the main Company Petition CP(IB)/22(MP)2023. The application was filed by Mr. Navin Khandelwal, the Resolution Professional (RP) of M/s Shri Ram Switchgears Ltd., against Urban Development Trust Pvt Ltd. & Others. The proceedings are under Section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules. The bench comprised Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical). During the hearing, the counsel for the applicant, Mr. Rohit Dubey, was present physically, while there was no representation for the respondent.
Final Outcome
The counsel for the applicant requested an adjournment. The tribunal allowed the request and adjourned the matter. The next date of hearing is scheduled for 12th August 2026. The order was signed by both members of the bench.
Topics: Insolvency Proceeding, NCLT, Adjournment