The State of Rajasthan filed three appeals challenging the order dated 24.06.2022 passed by the National Company Law Tribunal (NCLT), Jaipur Bench, in IA No.327/JPR/2019, IA No.328/JPR/2019 and IA No.301/JPR/2019, all related to CP No.(IB) 54(PB)/2018. The appeals concern the admission of claims by Alchemist Asset Reconstruction Company Limited and Asset Reconstruction Company (India) Limited, and the proposed substitution of the Resolution Professional (RP). The Corporate Debtor, Jaipur Metals & Electricals Limited, was incorporated in 1943 and later acquired by the Government of Rajasthan in 1977. It was declared a relief undertaking in 1978 under the Rajasthan Relief Undertakings Act, 1961, until 07.12.2016. Alchemist filed an application under Section 7 of the

The State of Rajasthan filed three appeals challenging the order dated 24.06.2022 passed by the National Company Law Tribunal (NCLT), Jaipur Bench, in IA No.327/JPR/2019, IA No.328/JPR/2019 and IA No.301/JPR/2019, all related to CP No.(IB) 54(PB)/2018. The appeals concern the admission of claims by Alchemist Asset Reconstruction Company Limited and Asset Reconstruction Company (India) Limited, and the proposed substitution of the Resolution Professional (RP). The Corporate Debtor, Jaipur Metals & Electricals Limited, was incorporated in 1943 and later acquired by the Government of Rajasthan in 1977. It was declared a relief undertaking in 1978 under the Rajasthan Relief Undertakings Act, 1961, until 07.12.2016. Alchemist filed an application under Section 7 of the