Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj
Order Date: 6th July 2026
Case Overview
The National Company Law Tribunal (NCLT), Allahabad Bench, heard two interconnected applications filed by Axis Bank Limited. The applications are IA No.392/2026 in CP (IB) No.38/ALD/2025 and IA No.391/2026 in CP (IB) No.39/ALD/2025. Both petitions are filed against Ms. Archana Mishra in her capacity as the Personal Guarantor for the corporate debtor, M/s Dev Projects Pvt. Ltd. The petitions are initiated under Section 95(1) of the Insolvency and Bankruptcy Code, 2016 (IBC), which pertains to the initiation of the Personal Insolvency Resolution Process (PIRP) against a personal guarantor.
Final Outcome
The bench did not pass any substantive order on the merits of the case. The matters were re-notified and adjourned to 3rd August 2026 for the next hearing. The order sheet was signed by the Court Officer, Shashank Priyadarshi, and the proceedings were recorded by Stenographer Shubhangi Singh.
Topics: Insolvency, Banking, NCLT