NCLT Adjourns Arshiya Northern FTWZ vs Margo Impex Hearing

Authority: National Company Law Tribunal Allahabad Bench, Prayagraj

Order Date: 9th June, 2026

Case Overview

The National Company Law Tribunal (NCLT) Allahabad Bench, comprising Member (Judicial) Sh. Praveen Gupta and Member (Technical) Sh. Ashish Verma, heard CP (IB) No.49/ALD/2025. The petition was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The corporate debtor involved is Arshiya Northern FTWZ Limited, represented through its Resolution Professional Mr. Bhuvan Madan. The operational creditor is M/S Margo Impex Private Limited. Counsel Sh. Ayush J Rajani appeared for the Operational Creditor, and Sh. Rajat Mittal appeared for the Corporate Debtor.

During the hearing, the counsel for the Operational Creditor requested a short accommodation to file the vakalatnama or memo of appearance to address arguments in the matter.

Final Outcome

The Bench granted the request for accommodation and adjourned the matter. The next hearing is scheduled for 3rd August, 2026. No substantive arguments or rulings on the merits of the insolvency petition were made in this order.

Topics: Insolvency Proceeding, NCLT Hearing, Procedural Adjournment