Authority: National Company Law Tribunal (NCLT), Indore Bench, Court No. 1
Order Date: 29/06/2026
Case Overview
This order pertains to Interlocutory Application No. IA/531(MP)2025, which was filed in the main Company Petition CP(IB)/3(MP)2024. The application was filed by Yashvardhan Bandi (Applicant) against Chaya Gupta, the Resolution Professional (RP) of Greater Kailash Hospitals Pvt. Ltd. (Respondent). The proceedings were conducted under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the NCLT Rules. The bench comprised Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical). The applicant was represented by Senior Advocate Mr. Rahul Sripat (online) along with Ms. Kriti Vyas (physical). The respondent was represented by Mr. Neeraj Kumar Gupta (online) for R-1 and Mr. Shantnu Chourasia for R-2.
Final Outcome
After hearing the rival contentions advanced by the learned counsel for both parties and perusing the material on record, the Tribunal reserved the matter for order. Both parties were directed to file their written submissions, if any, within one week from the date of the hearing (29/06/2026). The final order in the application is pending.
Topics: Insolvency Proceeding, NCLT Order, Corporate Legal Dispute