Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 13 July 2026
Case Overview
The National Company Law Tribunal (NCLT) Indore Bench heard an Interlocutory Application numbered IA/87(MP)2026 filed within the main Company Petition CP(IB)/71(MP)2025. The application was filed by Vishvam Housing Developers India LLP (Applicant) against Sainik Welfare Organization-India (Respondent). The proceedings were conducted under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the NCLT Rules. 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). Both parties were represented by their advocates who appeared online - Mr. Praveen N. Surange for the Applicant and Mr. Gokul Holani for the Respondent.
Final Outcome
The NCLT Bench adjourned the matter and listed it for the next hearing on 19 August 2026. No substantive orders were passed in this hearing beyond the adjournment.
Topics: NCLT Proceedings, Corporate Insolvency, Real Estate Dispute