Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 08/06/2026
Case Overview
This is an interlocutory application (IA/202(MP)2025) filed within the main insolvency proceeding (TP 230 of 2019), which originated from a company petition (CP(IB) 192 of 2017). The application is filed by Chaya Gupta against Shri Krishna Devcons Ltd & Ors. The proceedings are being conducted under multiple sections of the Insolvency and Bankruptcy Code, 2016, and its regulations: Sections 22(2)(j), 43, 45, 47, 50, 60(5), 66 and Regulation 35A.
Final Outcome
The bench, comprising Member (Judicial) Shri Brajendra Mani Tripathi and Member (Technical) Shri Man Mohan Gupta, has adjourned the matter. Counsel for Respondent Nos. R-1, R-21, and R-33 sought and was granted time to file a reply to the applicant's application. They are directed to file their reply within 10 days and provide an advance copy to the applicant. Upon receipt, the applicant (Chaya Gupta) is permitted to file a rejoinder within one week. Another counsel, Mr. Jatin Sehgal, also sought time to file a reply, which was allowed. The next hearing is scheduled for 03.08.2026.
Topics: NCLT Proceedings, Corporate Insolvency, Legal Adjournment