NCLT Jaipur expunges critical observations against Rajasthan State officials for delaying possession handover of corporate debtor Jaipur Metals & Electricals Ltd.
State argued delay was due to pending litigation in BIFR, High Court, and Supreme Court, not malafide intent.
Tribunal took lenient view after State complied with order by handing over possession and filing affidavit.
RP's application for resolution plan funding details adjourned to May 20, 2026, for CoC meeting.