NCLT order on IBC application; directs banks to remove NPA, provide NOC

McNally Bharat disclosed an NCLT order dated 10 June 2026 on its application under Section 60(5) of the IBC, filed within existing insolvency proceedings (CP(IB) No. 891/KB/2020). NCLT dismissed and disposed of the application but directed the company/SRA to mandatorily comply with Clause 5.5.2.2 of the Resolution Plan. Respondent Banks were directed to remove the NPA status and issue a No Objection Certificate to the company within one week.