Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 16/07/2026
Case Overview
This order concerns Interlocutory Application No. IA/364(MP)2025 in the main Company Petition C.P.(IB)/56(MP)2021, filed by Ms. Juhi Parmar against Devvrat Developers Private Limited. The matter was previously heard and reserved for orders on 07/07/2026. On 14/07/2026, the applicant's counsel, Mr. Vijayesh Atre, appeared and brought to the tribunal's attention that the respondents had relied upon a recent amendment to Section 31 of the Insolvency and Bankruptcy Code, 2016 in their written submissions. This amendment had not been argued during the course of the hearing nor addressed by the applicant. The applicant therefore prayed for the matter to be de-reserved and listed for limited arguments specifically on this amendment. The respondents' counsel, Mr. Keshav Khandelwal, conveyed no objection to this request.
On 16/07/2026, both parties were present. The applicant was represented physically by Mr. Vijayesh Atre along with Ms. Aarya Chhangnai, while the respondent was represented online by Mr. Keshav Khandelwal. The bench, comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical), heard submissions from both parties on the issue relating to the amendment to Section 31 of the IBC.
Final Outcome
The tribunal granted the applicant's request. The order dated 07/07/2026 was de-reserved. After hearing the fresh arguments from both parties on the amendment issue, the bench has reserved the matter for order. A final ruling is pending.
Topics: NCLT Proceedings, IBC Amendment, Insolvency Law