Authority: National Company Law Tribunal, New Delhi Principal Bench
Order Date: 06.07.2026
Case Overview
The National Company Law Tribunal (NCLT) heard multiple interlocutory applications in the Corporate Insolvency Resolution Process (CIRP) of Bareilly Highways Project Limited, initiated by State Bank of India under Section 7 of the Insolvency & Bankruptcy Code, 2016. The proceedings involved various parties including the Resolution Professional, multiple respondents, and Era Infra Engineering Limited. The applications pertained to different aspects of the CIRP process, including claims treatment and procedural matters.
Final Outcome
The tribunal disposed of two applications and adjourned six others:
- IA-4785/2025 was disposed of as premature, following the precedent of order dated 10.06.2026 in IA-2045/2026. The applicant was granted liberty to seek appropriate remedies later if aggrieved by the treatment of its claim in the final Resolution Plan. The tribunal specifically clarified that this order does not express any opinion on the merits of the applicant's claim arising from the Arbitral Award dated 08.07.2025 or on the legal questions concerning said Award pending before the Delhi High Court.
- IA-540/2026 was dismissed as infructuous after the applicant submitted that the application had been rendered infructuous.
- Six applications (IA-5475/2025, IA-1066/2026, IA-1034/2026, IA-2002/2026, IA-99/2026, and IA-2080/2026) were adjourned and listed for hearing on 24.08.2026.
Topics: Insolvency Proceedings, NCLT Orders, Corporate Resolution