# In the matter of Girraj Bansal vs. BPC Technologies India Pvt. Ltd. & Anr.

> NCLAT judgment dated 2025-05-27. Citation: TCN-2025-NCLAT-00015. The Appellant challenged an order of the National Company Law Tribunal, Indore Bench, in CP…

- **Court:** NCLAT
- **Order date:** 27 May 2025
- **Citation:** TCN-2025-NCLAT-00015
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-new-delhi/girraj-bansal-vs-bpc-technologies-india-pvt-ltd-anr-0e63f40f

## Summary

### Background

The Appellant challenged an order of the National Company Law Tribunal, Indore Bench, in CP (IB) /68 (MP) 2022, which admitted a petition filed by Respondent No. 1 under Section 9 of the Insolvency and Bankruptcy Code (IBC). The court sensed a possibility of a negotiated settlement between the parties.

## Facts

The Appellant, Girraj Bansal (erstwhile Director of Corporate Debtor, Om Shri Shubh Labh Agritech Pvt. Ltd.), filed an appeal against an order by the National Company Law Tribunal (NCLT), Indore Bench. The NCLT order admitted a petition filed by BPC Technologies India Pvt. Ltd. & Anr. (Respondent No. 1) under Section 9 of the IBC. The Appellant expressed willingness to negotiate a settlement with the Respondent. The Respondent's counsel stated that previous attempts to settle the issue had failed. The court provided an opportunity for settlement talks, instructing the RP not to take any immediate action.

## Issues and analysis

### Issue 1: Whether the order of the National Company Law Tribunal, Indore Bench, admitting the petition filed …

**Ratio:** The court did not explicitly rule on the sustainability of the NCLT order but rather

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**Reasoning:** The court's reasoning was based on the possibility of a negotiated settlement, which

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**Interpretation:** The court interpreted its role as facilitating a settlement, recognizing the

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**Application:** The court applied this reasoning by adjourning the matter and instructing the

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## Parties

- **Judges:** N Sesha…; Barun M…
- **Appellants:** Girraj B…
- **Respondents:** Om Shri Shubh…; BPC Technologies…

## Timeline

- **2022-01-01 — CP (IB) /68 (M…**: CP (IB) /68 (MP) 2022 filed…
- **2025-05-05 — NCLT Ord…**: NCLT, Indore Bench, admitted a petition filed…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 9 — Application for initiation of corporate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-9)

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