Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 14 July 2026
Case Overview
This proceeding involves an Interlocutory Application (IA/295(MP)2026) filed within the main insolvency case (CP(IB)/53(MP)2024). The application was filed by Prabhat Jain, the Resolution Professional (RP) of Ms Ishape Appliances Pvt Ltd, against respondents Nakul Baheti and Others. The matter was heard by a bench comprising Judicial Member Shri Brajendra Mani Tripathi and Technical Member Shri Man Mohan Gupta. The applicant was represented by Advocate Mr. Bhavesh Bothra, who appeared online. No representation was present for the respondents. The counsel for the applicant submitted that notices had been duly served upon Respondent Nos. 1 and 2, but Respondent No. 3 could not be found at the provided address. An affidavit of service regarding the notice upon the respondents was filed on July 13, 2026.
Final Outcome
The Tribunal deemed service upon the respondents to be sufficient. Respondent Nos. 1 and 2 were directed to file their replies to the application within 10 days, 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 has been listed for its next hearing on September 8, 2026.
Topics: Insolvency Proceeding, NCLT Directions