Authority: National Company Law Tribunal Allahabad Bench, Prayagraj
Order Date: 30th June, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard matters related to the corporate insolvency resolution process of Amitech Textiles Ltd, which is under liquidation. The case CP (IB) No.394/ALD/2018 was initiated by Bank of India under Section 7 of the Insolvency and Bankruptcy Code (IBC). The hearing addressed three applications: IA No.176/2022, IA No.391/2022, and MA No.02/2024.
During the hearing, counsel for the erstwhile director (Sh. Neelesh Ramchandani) appeared and stated that he was in the process of filing the Vakalatnama (power of attorney) and sought more time to file a reply specifically in MA No.02/2024. The liquidator of Amitech Textiles Ltd, Sh. Shravan Kumar Vishnoi, was present in person. No counsel appeared for the applicant in MA No.02/2024.
Final Outcome
The NCLT bench comprising Member (Judicial) Sh. Praveen Gupta and Member (Technical) Sh. Ashish Verma granted the request for additional time. The matter was adjourned for further hearing on 10th August, 2026, along with all other pending applications. This is a procedural adjournment to allow the respondent's counsel to complete formal documentation and prepare a response.
Topics: NCLT Proceedings, Corporate Insolvency, Liquidation