Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 16 June 2026
Case Overview
The National Company Law Tribunal (NCLT), Indore Bench, heard proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC) in the matter of Prakash Chand Khatri (Applicant) versus Indore Glass Industry Pvt Ltd (Respondent). The case was heard by a bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical).
During the proceedings, the applicant's counsel submitted an affidavit confirming service of notice upon the respondent dated 15 June 2026. Counsel for the respondent, Mr. Bharat Nenwani, appeared online and informed the tribunal that he had received instructions to appear in the matter and sought time to file the Vakalatnama and Reply.
Final Outcome
The NCLT directed the respondent's counsel to file their reply within a fortnight (15 days) with an advance copy to the applicant. Upon receipt of the reply, the applicant was granted one week to file a rejoinder. The matter has been listed for the next hearing on 21 July 2026 for further proceedings in the corporate insolvency resolution process.
Topics: Insolvency Proceedings, Corporate Debt, Legal Process