Authority: National Company Law Tribunal Allahabad Bench Prayagraj, Division Bench comprising Sh. Praveen Gupta (Member Judicial) and Sh. Ashish Verma (Member Technical)
Order Date: 12th June, 2026
Case Overview
The matter concerns CP (IB) No.71/ALD/2025 under Section 59(7) of the Insolvency and Bankruptcy Code (IBC), involving Ashtmurti Exim Private Limited through its Voluntary Liquidator Ashok Kumar Verma versus the Registrar of Companies (ROC), Kanpur. The hearing was attended by Sh. Saurabh Srivastava (PCS) representing the petitioner, Sh. Ashok Kumar Verma (Liquidator) present in person, with no representation from the ROC or Income Tax Department.
The principal issue before the tribunal was the progress of the voluntary liquidation process. The Income Tax Department had circulated a written request seeking an adjournment in the matter. Both the ROC and the Income Tax Department had failed to file their required reports for the proceedings. Only the report from the Insolvency and Bankruptcy Board of India (IBBI) was on record.
Final Outcome
The NCLT bench adjourned the matter for final hearing to 15th July, 2026, to be taken up higher on the board. The adjournment was granted due to the non-filing of reports by the ROC and Income Tax Department, and the written adjournment request from the Income Tax Department.
Topics: Corporate Insolvency, Voluntary Liquidation, Regulatory Compliance