# In the matter of MILESTONE ALUMINIUM COMPANY PRIVATE LIMITED

> Read the full IBC case summary for In the matter of MILESTONE ALUMINIUM COMPANY PRIVATE LIMITED. NCLT judgment dated 2025-11-06. Citation: TCN-2025-NCLT-01683.

- **Court:** NCLT
- **Order date:** 6 Nov 2025
- **Citation:** TCN-2025-NCLT-01683
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/milestone-aluminium-company-private-limited-20bcb678

## Summary

### Background

The case involves multiple applications filed during the Corporate Insolvency Resolution Process (CIRP) initiated under Section 9 of the IBC, 2016. These applications address the recording of the list of creditors, the constitution and reconstitution of the Committee of Creditors (CoC), the acceptance of the first progress report, and the resignation and appointment of the Interim Resolution Professional (IRP).

## Facts

The National Company Law Tribunal, Bengaluru Bench, addressed several interlocutory applications (I.A.Nos.868, 940, 967, 968/2025) within the main Company Petition (C.P. (IB) No.143/BB/2024), which was filed under Section 9 of IBC, 2016. These applications were heard on November 6, 2025, with the Petitioner, M/s. Fuso Glass India Pvt. Ltd., and the Respondent, M/s. Milestone Aluminium Company Pvt. Ltd., represented by their respective counsels.

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## Issues and analysis

### Issue 1: Whether the list of creditors and the constitution of the Committee of Creditors (CoC) should be…

**Ratio:** The list of creditors and the constitution of the CoC, as submitted by the Resolution…

**Reasoning:** The Resolution Professional filed I.A.No.868/2025 to place on record the list of…

**Interpretation:** The Tribunal interpreted the application as a procedural step to formalize the…

**Application:** The application was disposed of after the list and constitution were taken on…

## Parties

- **Judges:** Sunil Kumar…; Radhakrishna…
- **Advocates:** For the Petitioner…; Theerthesh B.S.…; +1 more

## Timeline

- **September 8, 2025 — CIRP Period…**: Start date for the period covered by…
- **October 8, 2025 — CIRP Peri…**: End date for the period covered by…

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