Authority: National Company Law Tribunal, Jaipur Bench
Order Date: July 14, 2026
Case Overview
The National Company Law Tribunal (NCLT) Jaipur Bench, comprising Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnagar, heard IA No. 346/JPR/2026 in the matter of CP No. (IB)-38/7/JPR/2022 under Section 7 of the Insolvency and Bankruptcy Code, 2016. The application was filed in the insolvency proceedings between Smt. Mohini Devi (Proprietor of Khandelwal Constructions and Building Materials) as Financial Creditor and Khandelwal Buildcon Pvt. Ltd. as Corporate Debtor. The prayer sought reclassification of creditors as proposed by the applicant.
Final Outcome
The Tribunal allowed the application for creditor reclassification, noting that permission had been previously granted by the court vide order dated March 11, 2026 in IA No. 64 of 2026. The NCLT directed that the reclassification be implemented within one week from the date of the order (July 14, 2026). The IA was disposed of with these observations.
Topics: Insolvency Proceedings, Creditor Classification, NCLT Order