NCLT Reserves Order on Brain Master's Liquidator Application

Authority: National Company Law Tribunal, Indore Bench, Court No. 1

Order Date: 08/06/2026

Case Overview

This order pertains to Interlocutory Application (IA) No. 632 of 2019, which was filed within Transfer Petition (TP) No. 34 of 2019 [which itself was filed in Company Petition (CP)(IB) No. 229 of 2019]. The proceedings are under Section 66 of the Insolvency and Bankruptcy Code (IBC), 2016. The applicant is Mr. Navin Khandelwal, in his capacity as the Liquidator for Brain Master's Classes Pvt Ltd. The respondents are the Committee of Creditors (COC) of Brain Master's Classes Pvt Ltd & Others. The bench comprised Hon'ble Shri Brajendra Mani Tripathi (Member - Judicial) and Hon'ble Shri Man Mohan Gupta (Member - Technical). During the hearing, the applicant was represented by Mr. Rohit Dubey, Advocate (appearing online) along with Mr. Navin Khandelwal, the Liquidator-in-Person (also online). There was no representation for the respondents.

Final Outcome

The tribunal heard the learned counsel for the applicant and perused the record. The bench has reserved the matter for order, meaning a final decision on IA 632 of 2019 will be pronounced at a later date.

Topics: Insolvency Proceeding, NCLT Order