Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: June 9, 2026
Case Overview
The National Company Law Tribunal (NCLT) Indore Bench heard Interim Application No. IA/518(MP)2024, which was filed within the main corporate insolvency process CP(IB)/22(MP)2023. The application was filed by Navin Khandelwal, the Resolution Professional (RP) of M/s Shri Ram Switchgears Ltd, against respondents Devraj Jhalani & Others. The proceedings are being conducted under Section 45 read with Regulation 35A of the Insolvency and Bankruptcy Code, 2016. The matter was heard by a bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical).
Final Outcome
The NCLT granted an adjournment as requested by the applicant's counsel, Mr. Rohit Dubey, who appeared physically. The respondents were not represented during the hearing. The matter has been listed for the next hearing on August 12, 2026. No substantive decisions were made in this order, which solely addresses the procedural adjournment.
Topics: Corporate Insolvency, NCLT Proceedings