NCLT Indore Reserves PK Global Power Order

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

Order Date: 16/06/2026

Case Overview

The proceeding involves an Interlocutory Application (IA/170(MP)2026) filed within a larger insolvency process (CP(IB)/15(MP)2024). The application is filed under Section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules. The Applicant is Prashant Kumar Gupta. The Respondent is Teena Saraswat Pandey, who is the Resolution Professional (RP) for the corporate debtor, PK Global Power Pvt Ltd. The bench, comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical), heard the rival contentions of both parties and perused the case record.

Final Outcome

The matter has been reserved for a final order. Both parties have been directed to file their written submissions within one week from the order date. The final ruling is pending.

Topics: Insolvency Proceeding, NCLT Order