Authority: National Company Law Tribunal, Mumbai Bench, Court Room No. 1
Order Date: 17 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Mumbai Bench heard two interim applications (IA(I.B.C)/1505(MB)2026 and IA(I.B.C)/1952(MB)2025) within the main corporate insolvency resolution process C.P. (IB)/366(MB)2024. The proceedings involve M/s. Mohandas Chhataram as the applicant and Gokul Sugar Industries Limited as the corporate debtor. The matter is being heard under Sections 7 and 60(5) of the Insolvency and Bankruptcy Code, 2016.
The tribunal noted that concerned inspectors had not placed on record any report regarding the execution of warrants previously issued by the tribunal for the production of suspended board members of Gokul Sugar Industries Limited.
Final Outcome
The Court Officer was directed to issue a communication to the Superintendent of Police (SP) exercising jurisdiction over the concerned police station. The applicant was directed to provide necessary details to the court officer for this purpose. The erstwhile resolution professional was directed to appear in person at the next hearing. Both matters were listed for further consideration on June 19, 2026.
Topics: Insolvency Proceedings, Corporate Debtor, NCLT Directions