Authority: National Company Law Tribunal Allahabad Bench Prayagraj (Division Bench: Sh. Praveen Gupta, Hon'ble Member (Judicial) and Sh. Ashish Verma, Hon'ble Member (Technical))
Order Date: 8th June 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard CP (IB) No.70/ALD/2026, an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The petition involves M/S Apurva Natural Products as the operational creditor and M/S Apibee Natural Products Pvt. Ltd. as the corporate debtor. During the hearing on 8th June 2026, no counsel appeared for either party to represent their case before the bench.
Final Outcome
The bench, noting the absence of representation from both parties, adjourned the matter in the interest of justice. The case has been rescheduled to be heard on 14th July 2026, where it will be shown in the supplementary list. No substantive proceedings, arguments, or rulings on the merits of the insolvency petition occurred during this hearing.
Topics: Insolvency Proceedings, Legal Adjournment