Authority: National Company Law Tribunal (NCLT), Indore Bench, Court No. 1
Order Date: 14 July 2026
Case Overview
This is an interim order in an Interlocutory Application (IA No. 266(MP)2026) filed within a main Company Petition (CP(IB)/26(MP)2024). The application has been filed by Neuland Infrastructure Pvt Ltd (the Applicant) against Hasti Mal Kachhara, the Resolution Professional (RP) of Pushp Ratna Realty Pvt Ltd, and other respondents (Respondent Nos. 2 and 3). The proceedings are conducted under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (IBC), read with Rule 11 of the NCLT Rules. The bench comprised Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical).
Final Outcome
The Tribunal noted that the Reply on behalf of Respondent No. 1 (the RP) was filed on 10 July 2026. The Applicant's counsel stated that no replies had been received from Respondent Nos. 2 and 3. The NCLT granted a final opportunity of 10 days to Respondent Nos. 2 and 3 to file their replies, with an advance copy to be provided to the Applicant. Upon receipt of these replies, the Applicant was granted one week to file a rejoinder, if necessary. The matter was listed for its next hearing on 05 August 2026 for further consideration.
Topics: Corporate Insolvency, NCLT Proceeding, Legal Procedure