Dispute Resolution in NCLT Indore – Indian Bank vs. Indison Agro Foods Ltd

Indian Bank Vs Indison Agro Foods Ltd (NCLT Indore) Introduction: The National Company Law Tribunal (NCLT) in Indore witnessed a significant dispute between the State Bank of India (SBI) and Indison Agro Foods Limited, with complex issues surrounding the replacement of the Interim Resolution Professional (IRP), admission of claims, and the overall Corporate Insolvency Resolution Process (CIRP). This article provides an exhaustive analysis of the case IA/166(MP)2023 filed by SBI against IRP Ms. Teena Saraswat Pandey, and IA 195 of 2023 seeking direction against the IRP in the context of Indison...