Two Interlocutory Applications (IAs) were before the National Company Law Tribunal (NCLT), Mumbai Bench. IA 3468/2026 was filed by M/s ARCK Resolution Professionals LLP, the Liquidator of Amar Remedies Limited, to place on record the 9th Progress Report. IA 565/2025 was filed by SREI Equipment Finance Limited (Applicant) under Section 60(5) r/w Sections 52 and 53 of the Insolvency and Bankruptcy Code, 2016 (IBC). SREI challenged the Liquidator's decision to distribute liquidation asset proceeds, arguing it ignored Section 53 of the IBC and the principle of pari passu distribution for secured creditors who relinquished their security interest. SREI sought to set aside the distribution, recall excess distributed proceeds, and direct redistribution strictly pari passu.

Two Interlocutory Applications (IAs) were before the National Company Law Tribunal (NCLT), Mumbai Bench. IA 3468/2026 was filed by M/s ARCK Resolution Professionals LLP, the Liquidator of Amar Remedies Limited, to place on record the 9th Progress Report. IA 565/2025 was filed by SREI Equipment Finance Limited (Applicant) under Section 60(5) r/w Sections 52 and 53 of the Insolvency and Bankruptcy Code, 2016 (IBC). SREI challenged the Liquidator's decision to distribute liquidation asset proceeds, arguing it ignored Section 53 of the IBC and the principle of pari passu distribution for secured creditors who relinquished their security interest. SREI sought to set aside the distribution, recall excess distributed proceeds, and direct redistribution strictly pari passu.