Case Details
Case Name: Alchemist Asset Reconstruction Company Ltd. vs Jaipur Metals & Electricals Ltd.
Court/Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Case Number: IB No. 054(PB)/2018 (Main Insolvency Case)
Interlocutory Application: IA No. 110/JPR/2019
Legal Provision: Section 7 of the Insolvency and Bankruptcy Code, 2016
Date of Hearing/Order: May 21, 2026
Hearing Method: Conducted through a web-based video conferencing platform
Parties Involved
Petitioner/Financial Creditor/Applicant: Alchemist Asset Reconstruction Company Ltd.
Respondent/Corporate Debtor: Jaipur Metals & Electricals Ltd.
Representation for the Resolution Professional: Ashu Kansal, Advocate
Representation for the Applicant: Rishabh Khandelwal, Advocate
Final Ruling & Enforcement
The Hon'ble Mr. Praveen Gupta, Judicial Member, after hearing submissions from the learned counsels representing their respective parties, has reserved the order. The final decision in IA No. 110/JPR/2019 is pending and will be pronounced at a later date.
Note: This order is a procedural update indicating that the hearing has concluded and the matter is under consideration. The specific issues, allegations, findings, penalties, or corrective actions are not detailed in this particular order document.