Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 17 June 2026
Case Overview
This is an order in an Interim Application (IA No. 7(MP)2026) filed within a main insolvency proceeding (CP(IB)/16(MP)2024). The application was filed under Section 19(2) of the Insolvency and Bankruptcy Code, 2016 read with Regulation 30 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The applicant is Kuldeep Tank, the Interim Resolution Professional (IRP) of the corporate debtor, M/s Shree Uttam Food Products (India) Pvt Ltd. The respondent is Nilesh Upadhyay, the suspended director of the corporate debtor. The matter was heard by a bench comprising Hon'ble Shri Brajendra Mani Tripathi, Member (Judicial) and Hon'ble Shri Man Mohan Gupta, Member (Technical). During the hearing, the applicant was represented by Advocate Ms. Darshana Baghel (appearing online), while there was no representation for the respondent.
Final Outcome
The NCLT noted the absence of the respondent and granted one final opportunity to file a reply to the application. The respondent is directed to file the reply, with an advance copy to the applicant, within 10 days from the order date. The matter has been listed for the next hearing on 22 July 2026.
Topics: Insolvency Proceeding, NCLT Order, Corporate Debtor