Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: June 8, 2026
Case Overview
The National Company Law Tribunal (NCLT) Indore Bench heard an application (IA/330(MP)2026) filed under Rule 11 of the NCLT Rules, 2016, in the matter of CP(IB)/68(MP)2022. The applicants, Girraj Bansal and Ketan Bansal (suspended management of Ms Om Shri Shubh Agritech Pvt Ltd), sought recall of the tribunal's order dated April 8, 2026, which had issued bailable warrants against them. The respondent was Teena Saraswat Pandey, the Resolution Professional of the corporate debtor.
The applicants, through their counsel Mr. Sanjeev Chaudhary, appeared before the tribunal in compliance with the previously issued bailable warrants. Counsel assured the bench that the applicants would extend full cooperation to the Resolution Professional as and when required, and accordingly prayed for recall of the bailable warrants.
The tribunal considered the submissions made by the counsel for the applicants/suspended management and the circumstances of the case.
Final Outcome
The NCLT Indore Bench recalled the bailable warrants issued against the applicants (Girraj Bansal and Ketan Bansal). The application IA/330(MP)2026 was disposed of accordingly. The order was signed by Hon'ble Shri Man Mohan Gupta (Member Technical) and Hon'ble Shri Brajendra Mani Tripathi (Member Judicial).
Topics: Corporate Insolvency, NCLT Proceedings, Management Cooperation