Case Details
Case Name: Shabaj Ali Proprietor of M/S Golden Steel v/s M. S. A. Steel & Alloys Private Limited
Court/Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj
Case Number: IA (Plan) No.05/2026 IN CP (IB) No.152/ALD/2024
Date of Order: 22nd May, 2026
Under Section: 9 of the Insolvency and Bankruptcy Code (IBC)
Status: Corporate Insolvency Resolution Process (CIRP)
Parties Involved
Petitioner/Operational Creditor: Shabaj Ali, Proprietor of M/S Golden Steel
Respondent/Corporate Debtor: M. S. A. Steel & Alloys Private Limited
Resolution Professional (RP): Represented by Advocate Krishna Dev Vyas
Tribunal Members: Sh. Praveen Gupta (Hon'ble Member - Judicial) and Sh. Ashish Verma (Hon'ble Member - Technical)
Order & Proceedings
This hearing was for an Interlocutory Application (IA) related to the resolution plan for M. S. A. Steel & Alloys Private Limited, which is undergoing Corporate Insolvency Resolution Process (CIRP).
The counsel for the Applicant/Resolution Professional, Sh. Krishna Dev Vyas, requested a short adjournment. The purpose of the adjournment was to allow time for filing the convenience proforma and the hard copy of the resolution plan application.
The bench, comprising Members Praveen Gupta and Ashish Verma, granted the request for accommodation. The matter was adjourned and is now scheduled to be heard on 2nd June, 2026. The order specifies that the case should "come up higher on Board" for the next hearing.
Final Ruling
The NCLT's order is procedural, granting an adjournment and rescheduling the next hearing for the resolution plan application to June 2, 2026. No substantive rulings on the plan, allegations, or violations were made in this specific order.