Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 29 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Indore Bench heard proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC) in the matter CP(IB)/93(MP)2023. The petition was filed by Saroj Didwania, Proprietor of M/s Creations, as the operational creditor against corporate debtor Standard Motocorp Pvt Ltd. The bench comprised Hon'ble Shri Brajendra Mani Tripathi (Judicial Member) and Hon'ble Shri Man Mohan Gupta (Technical Member). Both parties were represented by counsel - Mr. Pranjal Kalantri for the applicant and Mr. Navin Khandelwal (PCA) with Mr. Ronak Patni for the respondent.
The tribunal heard rival contentions advanced by counsel for both parties and reviewed the material available on record. The bench permitted both parties to file written submissions, if any, within one week from the order date.
Final Outcome
The matter has been reserved for order. No final decision has been rendered at this stage. The tribunal will issue its ruling after considering the written submissions and evidence on record.
Topics: Insolvency Proceedings, NCLT Order, Corporate Debt