Authority: National Company Law Tribunal (NCLT) Indore Bench Court No. 1
Order Date: 17/06/2026
Case Overview
The proceedings involve a voluntary insolvency petition filed by Sagar Autotech (Mysore) Pvt Ltd under Section 10 of the Insolvency and Bankruptcy Code (IBC). The case is registered as CP(IB)/62(MP)2025. The matter was heard by a bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical). Representation for the applicant company was provided by Advocate Ms. Noopur K. Dalal (appearing online), while State Bank of India (SBI) was represented by Advocate Mr. Rohit Dubey (appearing online). The applicant's counsel confirmed that arguments had been advanced and written submissions filed. The counsel for SBI, a financial creditor, submitted that the bank had no objection to the petition being allowed.
Final Outcome
The NCLT bench heard arguments from both parties and perused the record. The matter has been reserved for order, meaning the tribunal will deliberate and issue its final decision at a later date regarding the admission or rejection of the voluntary insolvency petition.
Topics: Insolvency Proceedings, Corporate Debtor, Voluntary Admission