Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 6th July, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard matters related to Corporate Petition (IB) No.307/ALD/2019, which involves an insolvency application filed by Ramesh Hiralal Sharma against Modi Nagar Paper Mills Ltd under Section 7 of the Insolvency and Bankruptcy Code (IBC). The company is currently under the Corporate Insolvency Resolution Process (CIRP). Multiple interlocutory applications (IA Nos. 169/2022, 235/2022, 331/2022, 106/2023, and 95/2024) are pending adjudication in this main insolvency petition.
Final Outcome
The NCLT adjourned the hearing and re-notified the matter to 4th August, 2026 for further proceedings. No substantive decisions on the merits of the case or the pending applications were made in this order.
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Debt