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 three separate insolvency petitions filed by Central Bank of India under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The financial creditor, Central Bank of India, has initiated corporate insolvency resolution processes against three corporate debtors: M/s Kandarp Hotels Private Limited (CP (IB) No.05/ALD/2025), M/s Royal Empire Marketing Private Limited (CP (IB) No.06/ALD/2025), and M/s Kandarp Constructions (India) Private Limited (CP (IB) No.07/ALD/2025). The proceedings were listed as Item Nos. 104, 105, and 106 before the Division Bench.
Final Outcome
The Bench did not proceed with a substantive hearing on the merits of any of the petitions. Instead, all three cases were adjourned. The order directs that the matters be "Re-notified to 14th July, 2026" for the next hearing. The order was signed by Court Officer Shashank Priyadarshi and recorded by Stenographer Shubhangi Singh.
Topics: Insolvency Petition, Banking, NCLT