Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Order Date: June 19, 2026
Case Overview
This order pertains to Interlocutory Application (IA) No. 110/JPR/2019, which was filed within the main insolvency proceeding IB No. 054(PB)/2018. The main proceeding was initiated by Alchemist Asset Reconstruction Company Ltd. (Financial Creditor/Applicant) against Jaipur Metals & Electricals Ltd. (Corporate Debtor/Respondent) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The bench comprised Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnaagar. The Resolution Professional, Arunava Sikdar, was present for the proceedings conducted via a web-based video conferencing platform.
Final Outcome
The NCLT dismissed IA No. 110/JPR/2019. The dismissal was based on a previous order dated June 9, 2026, from a Learned Single Bench. The tribunal declared that the opinion of the Technical Member (Ms. Kavita Bhatnaagar) constituted the majority opinion, and as a result, the application was to be treated as dismissed.
Topics: Insolvency Proceeding, NCLT Order, Corporate Debt