Authority: National Company Law Tribunal, Indore Bench Court No. 1
Order Date: 29/06/2026
Case Overview
The application (IA/381(MP)2026) was filed by Efficax Resolution Professionals Pvt Ltd, acting as the Liquidator of Sun Petpack Jabalpur Pvt Ltd, under Section 21(11) of the Insolvency and Bankruptcy Code, 2016 read with Regulation 8 of the IBBI (Liquidation Process) Regulations, 2026. 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). The applicant was represented by Mr. Roshan Kumar, Advocate, who appeared online. The liquidator sought to have the Tribunal take on record its Report on Reinstatement of Committee of Creditors and formally note the reinstatement of Axis Bank Limited as the sole member of the Committee of Creditors with a 100% voting share, based on its admitted financial debt as of the Insolvency Commencement Date (04.04.2024).
Final Outcome
The NCLT disposed of the application. The Tribunal took the liquidator's report on record, subject to all just exceptions, and noted the reinstatement of Axis Bank Limited as the sole member of the Committee of Creditors with 100% voting share.
Topics: Insolvency, Committee of Creditors, Liquidation Process