Authority: National Company Law Tribunal, Jaipur Bench
Order Date: July 17, 2026
Case Overview
The National Company Law Tribunal (NCLT) Jaipur Bench, comprising Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnagar, heard matters related to IB No. 054(PB)/2018. This is an insolvency application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Alchemist Asset Reconstruction Company Ltd. (Financial Creditor/Applicant) against Jaipur Metals & Electricals Ltd. (Corporate Debtor/Respondent). The case was put up for clarification on July 10, 2026, regarding the re-examination of claims submitted in the corporate insolvency resolution process. During that hearing, the counsel for the Resolution Professional was directed to file an affidavit concerning the claim verification process.
Final Outcome
The Tribunal noted that the counsel for the Resolution Professional has now filed an affidavit stating that the claims submitted have already been re-examined in compliance with Regulation 14(2) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Subsequently, the counsel made an oral statement to the same effect before the Bench. The Tribunal accepted this oral statement and determined that no additional affidavit was required. The previously filed affidavit was formally withdrawn in light of this oral clarification. The order thus resolves the procedural matter regarding claim verification without further action.
Topics: Insolvency Proceeding, Claim Verification, NCLT Order