Authority: National Company Law Tribunal, Jaipur Bench
Order Date: June 15, 2026
Case Overview
The National Company Law Tribunal (NCLT), Jaipur Bench, comprising Hon'ble Ms. Reeta Kohli (Judicial Member) and Hon'ble Ms. Kavita Bhatnagar (Technical Member), has reserved its orders on multiple interlocutory applications in the ongoing corporate insolvency resolution process. The matter originates from CP No. (IB)-205/7/JPR/2019, filed by Punjab National Bank as the financial creditor against Atlas Alloy (India) Pvt. Ltd. as the corporate debtor under Section 7 of the Insolvency and Bankruptcy Code, 2016.
The specific applications under consideration are IA No. 439/JPR/2025, IA No. 559/JPR/2025, IA No. 75/JPR/2026, and IA (Dis.) No. 2/JPR/2026. The proceedings were conducted through a web-based video conferencing platform. Representation included Amol Vyas (Advocate), Abhishek Purohit (Advocate), and Satyendra Prashad Khorania appearing in person for the Liquidator/Applicant.
Final Outcome
The bench has reserved its orders on the four pending applications. No final decision or substantive outcome has been rendered at this stage. The matter remains pending before the tribunal awaiting the reserved orders.
Topics: Corporate Insolvency, Banking Litigation, NCLT Proceedings