Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: June 9, 2026
Case Overview
This is an interim order in an Interlocutory Application (IA/605(MP)/2025) filed within the main insolvency petition (CP(IB)/3(MP)/2024). The application has been filed by Chaya Gupta, the Resolution Professional (RP) of M/s Greater Kailash Hospitals Pvt Ltd, against respondents Radhika Bandi & Others. The proceedings are being conducted under Section 43 of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the NCLT Rules. Section 43 of the IBC deals with transactions deemed to be preferential.
Final Outcome
The Tribunal, comprising Member (Judicial) Shri Brajendra Mani Tripathi and Member (Technical) Shri Man Mohan Gupta, allowed a request from the applicant's counsel for more time. The applicant (RP) has been directed to file a rejoinder to the respondent's reply within one week. The matter has been adjourned and is now listed for the next hearing on June 29, 2026. No substantive decision on the merits of the preferential transaction application was made in this order.
Topics: Insolvency, NCLT, Preferential Transaction