NCLT Indore Reserves Order in Bhagwan Motors Case

Authority: National Company Law Tribunal, Indore Bench, Court No. 1

Order Date: 13/07/2026

Case Overview

The National Company Law Tribunal (NCLT) Indore Bench heard an Interlocutory Application (IA/415(MP)2024) filed in the main transfer petition TP 125 of 2019, which originated from Company Petition (CP(IB) 159 of 2018). The application was filed by Ajay Mujalde, Commercial Tax Officer, against Amit Chopra, the Liquidator of Bhagwan Motors Pvt Ltd. 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). Representatives for both parties appeared online, with Ms. Teena S. Pandey representing the applicant and Ms. Ayushi Patidar representing the respondent.

Final Outcome

The tribunal heard submissions from both parties and perused the record. The matter has been reserved for order, meaning a final decision will be issued at a later date. No substantive ruling, penalties, or directions were issued in this proceeding.

Topics: NCLT Proceeding, Corporate Insolvency, Liquidation