Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Order Date: July 14, 2026
Case Overview
This is a procedural order in the ongoing Corporate Insolvency Resolution Process (CIRP) for M/s Western Energetics Pvt. Ltd., initiated under Section 9 of the Insolvency and Bankruptcy Code, 2016. The matter involves multiple Interlocutory Applications (IAs). Mr. Rajendra Kumar Sharma, the General Manager of Sterling Bank, appeared in person before the tribunal. He expressed apprehension regarding the continuation of the CIRP because the properties of the Corporate Debtor (Western Energetics Pvt. Ltd.) have been attached by the Enforcement Directorate (ED). This attachment was seen as a potential derailment of the resolution process. The tribunal also addressed a clerical error in its record-keeping.
Final Outcome
The two-member bench, comprising Judicial Member Reeta Kohli and Technical Member Kavita Bhatnagar, issued two key directions. First, the counsel for the sole Committee of Creditors (CoC) member was instructed to apprise the Sterling Bank General Manager about the process of law. The General Manager was directed to attend the next CoC meeting scheduled by the Resolution Professional at the earliest. Second, the bench corrected a clerical error, stating that an order dated July 13, 2026, was incorrectly recorded in IA No. 579/JPR/2023 and should instead be read as part of IA No. 135/JPR/2026. Both applications were posted for the next hearing on August 5, 2026.
Topics: NCLT Proceeding, Insolvency Process, ED Attachment