Authority: National Company Law Tribunal (NCLT), Jaipur Bench
Order Date: June 19, 2026
Case Overview
This order pertains to CP No. (IB)-45/7/JPR/2023, an application filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The financial creditor in the matter is M/s Shantanu Investments Pvt. Ltd., and the corporate debtor is M/s Aksh Optifibre Limited. The bench, comprising Judicial Member Ms. Reeta Kohli and Technical Member Ms. Kavita Bhatnaagar, issued this order to resolve a procedural matter following a judgment from a Learned Single Bench dated June 9, 2026. This judgment led the full bench to consider the opinion rendered by the Technical Member on January 21, 2026, as the majority opinion, making it the final order for the case.
Counsel for the Interim Resolution Professional (IRP) brought to the tribunal's attention that the Technical Member's order from January 21, 2026, did not specify the fee for the IRP. In response, the tribunal has directed that the IRP be paid an amount of Rs. 1,00,000 (One Lakh Rupees) to initiate the Corporate Insolvency Resolution Process (CIRP). This payment is to be made within three days from the date of this order, which is also the date of the commencement of the CIRP. The amount paid is to be considered a cost of the CIRP. The final decision on the IRP's fee is to be taken by the Committee of Creditors (CoC) in its meeting.
Final Outcome
The final order of the Technical Member from January 21, 2026, is confirmed as the majority opinion, thereby initiating the Corporate Insolvency Resolution Process against Aksh Optifibre Limited. The IRP is to be paid an initial fee of Rs. 1 Lakh, with the CoC empowered to make the final decision on the fee structure.
Topics: Insolvency, NCLT Proceeding