Case Details
Case Name: In the matter of Rashtriya Cargo Movers (Applicant) Vs. Prafful Overseas Private Limited (Respondent)
Court/Authority: National Company Law Tribunal (NCLT), New Delhi Court-V (Special Bench)
Case/Order No.: IB-413/ND/2024, IA-6319/2025
Date of Order: 19th May 2026
Section: Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016
Parties Involved
Petitioner/Applicant: Rashtriya Cargo Movers
Respondent: Prafful Overseas Private Limited
Legal Representatives: For the Applicant - Mr. Abhishek Anand, Advocate. For the Resolution Professional (RP) - Mr. Sunil Fernandes, Senior Advocate; Mr. Sourit Arora, Advocate along with Mr. Jigar Bhatt, RP.
Bench: Shri Mahendra Khandelwal, Hon'ble Member (Judicial) and Ms. Anu Jagmohan Singh, Hon'ble Member (Technical).
Issues / Allegations / Violations
The Interlocutory Application (IA) No. 6319 of 2025 pertains to an objection filed against a Resolution Plan in an ongoing corporate insolvency resolution process.
Final Ruling & Enforcement
The Special Bench noted a change in its composition. Consequently, it ruled that the objections to the Resolution Plan should be heard by the Regular Bench of Court V, which will also be considering the Resolution Plan itself.
The order de-reserves IA No. 6319/2025. It is directed to be listed before the Regular Bench alongside the main application for the Resolution Plan on the 21st of May, 2026 for a hearing.
Note: This is a procedural order concerning the scheduling of a hearing. It does not contain details of the specific allegations, findings on violations, penalties, or corrective actions, as the substantive matter is yet to be heard.