Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: June 8, 2026
Case Overview
This matter involves an Interlocutory Application (IA/63(MP)2025) filed within the main transfer petition TP 230 of 2019, which originated from CP(IB) 192 of 2017. The proceedings are conducted under Sections 49, 66, and 67 read with Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The applicant is Chaya Gupta, the Resolution Professional (RP) of JSM Devcons Pvt Ltd, and the respondents include Ambitech Holding & Others. The application concerns the respondents' compliance with filing their replies to the application.
During the hearing, the applicant's counsel submitted that while Respondent Nos. 1, 6, 7, 10, 12, and 13 had filed their replies, the remaining respondents had failed to do so despite being given sufficient opportunities, including a final chance. The bench noted this non-compliance.
Final Outcome
The NCLT bench, comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical), issued a procedural order closing the right of the non-responsive respondents to file their replies. These respondents were proceeded against ex-parte. The tribunal granted permission to the applicant to file a rejoinder affidavit if desired. The matter was adjourned and listed for the next hearing on August 3, 2026.
Topics: Insolvency Proceeding, NCLT Order, Corporate Legal