Authority: National Company Law Tribunal, Indore Bench, Court No. 1
Order Date: 09 June 2026
Case Overview
The proceedings concern Interim Application No. IA/514(MP)/2024 filed within the main insolvency petition CP(IB)/22(MP)/2023. The application was filed under Section 45 read with Regulation 35A of the relevant regulations (likely the Insolvency and Bankruptcy Code, 2016 and Insolvency and Bankruptcy Board of India Regulations). The applicant is Navin Khandelwal, the Resolution Professional (RP) of M/s Shri Ram Switchgears Ltd. The respondents are Devraj Jhalani & Others. The matter was listed before the bench comprising Hon'ble Shri Brajendra Mani Tripathi (Member-Judicial) and Hon'ble Shri Man Mohan Gupta (Member-Technical).
Final Outcome
The counsel for the applicant, Mr. Rohit Dubey, who was physically present, requested an adjournment. The tribunal allowed the request for time. The matter has been adjourned and is now listed for the next hearing on 12 August 2026. No representatives or counsel for the respondents were present during the proceedings.
Topics: NCLT, Insolvency Proceeding, Adjournment