Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Order Date: July 14, 2026
Case Overview
The National Company Law Tribunal (NCLT), Jaipur Bench, presided over by Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnagar, heard a petition (CP No. (IB)-88/7/JPR/2025) filed by Union Bank of India under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition was filed against Aksh Optifibre Ltd., the corporate debtor. The matter was heard via a web-based video conferencing platform. The tribunal noted that the corporate debtor, Aksh Optifibre Ltd., had already been admitted into the Corporate Insolvency Resolution Process (CIRP) in a separate case, CP No. 45/7/JPR/2023, via an order dated June 19, 2023.
Final Outcome
The tribunal disposed of the present petition (CP No. (IB)-88/7/JPR/2025). It directed the petitioner, Union Bank of India, to file its claims before the Interim Resolution Professional (IRP) appointed in the existing CIRP case (CP No. 45/7/JPR/2023). The order also granted the petitioner the liberty to seek the revival of this disposed petition in the event of a settlement being reached in the main CIRP case (CP No. 45/7/JPR/2023).
Topics: Insolvency Proceeding, NCLT Order, Banking Debt