Authority: National Company Law Tribunal (NCLT), Indore Bench, Court No. 1
Order Date: 09/06/2026
Case Overview
This is an order in an ongoing proceeding under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition, registered as CP(IB)/93(MP)2023, was filed by an operational creditor, Saroj Didwania (Proprietor of M/s Creations), against the corporate debtor, Standard Motocorp Pvt Ltd. The bench, comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical), heard the rival contentions presented by the advocates for both parties and perused the case record.
Final Outcome
The tribunal did not issue a final ruling on the admission or dismissal of the insolvency petition. Instead, it adjourned the matter and listed it next on 29 June 2026. The purpose of the next hearing is solely for the filing of written submissions by the involved parties. No other directions or observations were recorded in this order.
Topics: Insolvency Proceeding, NCLT, Corporate Debt