# In the matter of Amresh Shukla vs. Radheshyam Dairy

> NCLAT judgment dated 2026-03-13. Citation: TCN-2026-NCLAT-00036. The appeal was filed against the order passed by the NCLT, Indore Bench, regarding…

- **Court:** NCLAT
- **Order date:** 13 Mar 2026
- **Citation:** TCN-2026-NCLAT-00036
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/amresh-shukla-vs-radheshyam-dairy-2a0f3b30

## Summary

### Background

The appeal was filed against the order passed by the NCLT, Indore Bench, regarding IA/424(MP)2025.

## Facts

The Appellant is the Liquidator of Girdharilal Sugar and Allied Industries Limited.

The Respondent No.1, Radheshyam Dairy, was declared the Successful Auction Purchaser pursuant to a Process Document dated 30.11.2022.

A sale certificate was issued in favor of the Successful Auction Purchaser on 05.07.2025.

The NCLT directed the substitution of the names of the Directors as proposed by the Successful Auction Purchaser.

The Liquidator raised objections regarding other assets of the Corporate Debtor.

The NCLT, Indore Bench, passed an order on 18.02.2026 in IA/424(MP)2025.

## Issues and analysis

### Issue 1: Whether the Adjudicating Authority was correct in directing the substitution of the names of the …

**Ratio:** The appellate tribunal held that the direction to substitute the names of the Directors

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**Reasoning:** The tribunal reasoned that the application was still pending, and a final decision was

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**Interpretation:** The tribunal interpreted that prematurely directing the substitution of

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**Application:** The tribunal applied this interpretation by deleting the direction to

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## Parties

- **Judges:** Ashok Bh…; Barun M…
- **Appellants:** Amresh S…
- **Respondents:** Girdharilal Sugar…; Radheshyam…; +1 more
- **Advocates:** J. Ra…; MD. Arsalan…; +2 more

## Timeline

- **2026-03-13 — Date of L…**: The application was directed…
- **2026-02-18 — NCLT Ord…**: NCLT, Indore Bench, Court No.1 dated…

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