Authority: National Company Law Tribunal Allahabad Bench, Prayagraj
Order Date: 9th June, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench, comprising Hon'ble Member (Judicial) Sh. Praveen Gupta and Hon'ble Member (Technical) Sh. Ashish Verma, heard Corporate Insolvency Resolution Process (CIRP) petition CP (IB) No.02/ALD/2024. The petition was filed by Liza Clothing and Apparels Private Limited under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC), initiating a voluntary insolvency resolution process. During the hearing on 9th June 2026, no counsel appeared for the company or any other parties involved in the matter.
Final Outcome
The Bench, noting the absence of representation and in the interest of justice, adjourned the matter. The next hearing is scheduled for 17th August 2026.
Topics: Insolvency, NCLT, Textiles