An application (IA No. 5856/2026) was filed under Rule 11 of the NCLAT Rules, 2016 by Shri B.D. Agarwal, a shareholder and personal guarantor of M/s Krystal Stone Exports Ltd (the Corporate Debtor). The application sought to recall the NCLAT judgment and order dated 17.07.2026 in Company Appeal (AT)(Ins) No.1262/2026. This NCLAT order had set aside an NCLT order dated 01.06.2026, which directed Respondent No.1 to deposit the balance resolution amount and excluded time for property vacation. Agarwal contended that the 17.07.2026 order was passed without him being impleaded or served, despite his status as a stakeholder whose opposition was noted in the 01.06.2026 order. The dispute centered on the unconditional nature of the resolution plan, payment timelines, and the
…An application (IA No. 5856/2026) was filed under Rule 11 of the National Company Law Appellate Tribunal Rules, 2016.
The applicant for recall is Shri B.D. Agarwal, a shareholder and personal guarantor of M/s Krystal Stone Exports Ltd (the Corporate Debtor).
The application seeks recall of the NCLAT judgment and order dated 17.07.2026 in Company Appeal (AT)(Ins) No.1262/2026.
The NCLAT order dated 17.07.2026 set aside an NCLT order dated 01.06.2026 in IA(IBC)/2044(MB)/2026.
The NCLT order dated 01.06.2026 had directed Respondent No.1 to deposit the balance resolution amount of Rs.14,60,56,036/- within 45 days with 12% interest and excluded additional time for property vacation.
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Mr. B.D. Agarwal, acting as Director of the…
The Hon'ble Rajasthan High Court, Jaipur Bench,…
An application (IA No. 5856/2026) was filed under Rule 11 of the NCLAT Rules, 2016 by Shri B.D. Agarwal, a shareholder and personal guarantor of M/s Krystal Stone Exports Ltd (the Corporate Debtor). The application sought to recall the NCLAT judgment and order dated 17.07.2026 in Company Appeal (AT)(Ins) No.1262/2026. This NCLAT order had set aside an NCLT order dated 01.06.2026, which directed Respondent No.1 to deposit the balance resolution amount and excluded time for property vacation. Agarwal contended that the 17.07.2026 order was passed without him being impleaded or served, despite his status as a stakeholder whose opposition was noted in the 01.06.2026 order. The dispute centered on the unconditional nature of the resolution plan, payment timelines, and the
…An application (IA No. 5856/2026) was filed under Rule 11 of the National Company Law Appellate Tribunal Rules, 2016.
The applicant for recall is Shri B.D. Agarwal, a shareholder and personal guarantor of M/s Krystal Stone Exports Ltd (the Corporate Debtor).
The application seeks recall of the NCLAT judgment and order dated 17.07.2026 in Company Appeal (AT)(Ins) No.1262/2026.
The NCLAT order dated 17.07.2026 set aside an NCLT order dated 01.06.2026 in IA(IBC)/2044(MB)/2026.
The NCLT order dated 01.06.2026 had directed Respondent No.1 to deposit the balance resolution amount of Rs.14,60,56,036/- within 45 days with 12% interest and excluded additional time for property vacation.
…Mr. B.D. Agarwal, acting as Director of the…
The Hon'ble Rajasthan High Court, Jaipur Bench,…