Authority: National Company Law Tribunal Allahabad Bench Prayagraj, Division Bench comprising Sh. Praveen Gupta (Hon'ble Member Judicial) and Sh. Ashish Verma (Hon'ble Member Technical)
Order Date: 9th June 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard CP (IB) No.53/ALD/2025, an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The case involves Gaurav Babel D2C Ecommerce India Pvt. Ltd. as the Corporate Debtor, with the proceedings initiated by an Operational Creditor. During the hearing on 9th June 2026, no representative appeared for the Operational Creditor. However, Ms. Damini Srestha, Advocate, appeared virtually on behalf of the Corporate Debtor.
Final Outcome
The Bench adjourned the matter in the interest of justice. The next hearing has been scheduled for 4th August 2026. The order was signed by both members of the bench - Ashish Verma (Member Technical) and Praveen Gupta (Member Judicial).
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Debtor