Tribunals and CommissionsDivision Bench(2025) 11 NCLT CK 2094

M/s. Fuso Glass India Pvt. Ltd. vs M/s. Milestone Aluminium Company Pvt. Ltd.

National Company Law Tribunal, Bengaluru Bench · Decided on 6 November 2025

HON’BLE JUDGES
Sunil Kumar Aggarwal, Member (Judicial) · Radhakrishna Sreepada, Member (Technical)
CASE NUMBER
I.A.Nos.868, 940, 967, 968/2025 in C.P. (IB) No.143/BB/2024

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Judgment

17 paragraphs · 286 words

I.A.No.868/2025:

1.

1. Heard Ld. Counsels for the parties.

2.

2. Through this Application, the Resolution Professional seeks to place on record the list of Creditors of the Corporate Debtor and the constitution of the CoC. The same is taken on record, and the Application is disposed of.

I.A.No.940/2025:

1.

1. This Application seeks to submit the reconstitution of the CoC due to alteration in the claims of Creditors. The same has been considered and taken on record. The Application is disposed of.

I.A.No.968/2025:

1.

The first Progress Report of CIRP for the period 08.09.2025 to 08.10.2025. We have taken through it. The same is accepted and the I.A. is disposed of.

I.A.No.967/2025:

1.

This Application has been filed by the Applicant seeking approval of the resignation of Interim Resolution Professional, Ms. Rashmi Jadhav, and her discharge from all the duties as an IRP of the Corporate Debtor.

2.

Heard Ld. Counsels for the parties.

3.

In light of the reasons stated in the Application, we hereby accept the resignation of Ms. Rashmi Jadhav, having registration No. IBBI/IPA-002/IP-N00631/2018-2019/11886, having registered address Flat No. 006, Nanda Ashirwad Apartments, No.1, Canara Bank Colony, 2nd Main, Chandra Layout, Bangalore, and she is relieved from the assignment as an IRP of the Corporate Debtor.

4.

We hereby appoint, Mr. Srinivas Thatikonda, having reg. No. IBBI/IPA-002/IP-N00631/2018-19/11886, email id: [email protected], Mobile No.95388 69662, as an IRP of the Corporate Debtor.

5.

Ms. Jadhav is enjoined to hand over the control, management, assets and other physical/digital records of CD to Mr. Thatikonda against receipt.

6.

The new RP be immediately informed by Petitioner, as well as registry.

7.

Accordingly, I.A.No.967/2025 is allowed and disposed of.

C.P. (IB) No.143/BB/2024

List the case on 10.12.2025.