Authority: National Company Law Tribunal (NCLT), Indore Bench, Court No. 1
Order Date: 15 June 2026
Case Overview
This is an interlocutory application (IA/221(MP)2023) filed within the main insolvency proceeding (TP 246 of 2019, originating from CP(IB) 515 of 2018). The application is filed under Section 60(2) of the Insolvency and Bankruptcy Code, 2016 (IBC). The Divisional Commercial Manager of the Jabalpur Division, West Central Railway, is the applicant. The respondent is Shikhar Chand Jain, who is the Liquidator of Dhanlaxmi Solvex Private Limited. 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 Tribunal has adjourned the hearing. The counsel for the applicant, West Central Railway, sought time to file a rejoinder. The NCLT allowed this request and directed the applicant to file the rejoinder within 10 days from the order date (15 June 2026). The matter has been listed for its next hearing on 28 July 2026.
Topics: Insolvency Proceeding, NCLT Hearing