Authority: National Company Law Tribunal (NCLT), Jaipur Bench

Order Date: June 15, 2026

Case Overview

This order pertains to multiple interlocutory applications (IAs) within the main insolvency proceeding CP No. (IB)-601/ND/2018, which was initiated under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016 by the operational creditor, M/s Packwell (India) Pvt. Ltd., against the corporate debtor, M/s Emgee Cables and Communications Ltd. The tribunal is currently in the liquidation phase of the corporate debtor. The bench comprised Hon'ble Ms. Reeta Kohli (Judicial Member) and Hon'ble Ms. Kavita Bhatnagar (Technical Member). Representatives for the liquidator, the respondent, and the EPFO were present.

The order addresses four specific applications:

1. IA No. 585/JPR/2025: This application was resolved as the liquidator handed over a demand draft (No. 992528 dated 09.06.2026) for the remaining amount of Rs. 5,54,489 to the counsel for the applicant (M/s Packwell). Consequently, this IA was disposed of as having been rendered infructuous.

2. IA No. 72/JPR/2019: Counsel for Respondent Nos. 2 and 3 requested an adjournment. They argued that since a repayment plan submitted by them had already been approved by the tribunal, they should be deleted from the array of parties and stated that a formal application for this deletion was in process. There was no representation from any other respondents. The liquidator's counsel reported that the liquidator is in the process of assigning these applications as Non-Readily Realizable Assets (NRRA).

3. IA No. 202/JPR/2026 & IA (Liq.) Progress Report No. 04/JPR/2026: The counsel for the applicant in these matters prayed for an adjournment.

Final Outcome

The tribunal granted the requests for adjournment. All matters—IA No. 72/JPR/2019, IA No. 202/JPR/2026, and IA (Liq.) Progress Report No. 04/JPR/2026—were adjourned and posted for the next hearing on July 8, 2026. IA No. 585/JPR/2025 was fully settled and disposed of.

The practical consequence is a continuation of the liquidation process, with key matters delayed until the next hearing date. The payment to the operational creditor represents a partial distribution of assets, while the classification of other applications as NRRA indicates challenges in liquidating those assets.

Topics: Corporate Insolvency, Liquidation Process, NCLT Proceedings