Authority: National Company Law Tribunal, Court-V, Mumbai Bench
Order Date: 09.06.2026
Case Overview
This matter involves an application (IA/2341/2026) filed by the Resolution Professional in the corporate insolvency resolution process of Indiacrete Ready Mix Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The case is registered as C.P. (IB)/328(MB)2025 with Theme Developers Private Limited as the respondent. The application presented the Resolution Professional's Fourth Progress Report for the month of May 2026.
Final Outcome
The NCLT Bench comprising Member (Judicial) Ashish Kalia and Member (Technical) Charanjeet Singh Gulati allowed and disposed of the application. The Progress Report was taken on record, noting that during May 2026, a meeting of the Committee of Creditors was held on 15.05.2026, registered valuers were appointed for valuing the assets of the Corporate Debtor, the transactional audit report was received, and valuation reports were placed on record and discussed. The tribunal found no further orders were required.
Topics: Insolvency Proceedings, NCLT Order, Corporate Resolution Process