Authority: National Company Law Tribunal (NCLT), Mumbai Bench - Court IV
Order Date: 06 July 2026
Case Overview
This is an interlocutory application (IA 2739(MB)2026) filed within the main insolvency petition (C.P. (IB)/1093 (MB)2020). The petition was initiated by Allahabad Bank (Applicant/Financial Creditor) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against the corporate debtor, N Kumar Housing & Infrastructure Private Limited. The application was heard under Sections 60(2) and 19(2) of the IBC, read with Regulation 30 of the IBBI Regulations. The respondent was not present during the hybrid hearing.
Final Outcome
The two-member bench, comprising Member (Technical) Shri Anil Raj Chellan and Member (Judicial) Shri K. R. Saji Kumar, issued a procedural order with three key directions:
1. The Registry was directed to issue an urgent notice to the respondents (N Kumar Housing), clearly intimating them of the next date of hearing. The registry must also place the tracking report for this notice before the next hearing.
2. The respondents were directed to provide all available documents related to the matter and to file an affidavit of compliance.
3. The applicant (Allahabad Bank) was permitted to serve a private notice on the respondents and to submit an affidavit of service before the next date.
The matter was listed for its next hearing on 10 July 2026 on priority.
Topics: Insolvency Proceeding, Real Estate, Banking