Authority: National Company Law Tribunal, Jaipur Bench
Order Date: July 14, 2026
Case Overview
The National Company Law Tribunal (NCLT) Jaipur Bench heard matters related to IA (Liq.) Progress Report No. 20/JPR/2026 in connection with CP No. (IB)-155/PB/2018. The case involves Asset Reconstruction Company (India) Ltd as the financial creditor/applicant versus Parasrampuria Synthetics Limited as the corporate debtor/respondent. The proceedings were initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016. The matter represents ongoing liquidation proceedings for the corporate debtor.
Final Outcome
The NCLT Bench consisting of Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnaagar ordered that the liquidation progress report (No. 20/JPR/2026) be taken up with the main case, which is already listed for hearing on July 28, 2026. The order effectively defers consideration of the progress report to the next scheduled hearing date.
Topics: Insolvency Proceedings, Liquidation Update, NCLT Hearing