Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 11th June, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard a winding-up petition filed against Bajaj Hindusthan Ltd (Palia Kalan) by Sumac International Ltd. The case was transferred from the Hon'ble High Court Allahabad and carries the reference CP No. 02/HC/1994. The petition was filed under Sections 433 read with 434 and 439(b) of the Companies Act 1956, which pertain to circumstances in which a company may be wound up by the Tribunal. The hearing was presided over by a division bench consisting of Sh. Praveen Gupta (Hon'ble Member Judicial) and Sh. Ashish Verma (Hon'ble Member Technical). Ms. Pushpila Bisht, Advocate, appeared for the respondent through physical/virtual hearing.
Final Outcome
The Tribunal adjourned the matter for further hearing on 16th July, 2026. This adjournment was granted based on a written request circulated on behalf of the learned arguing counsel for the petitioner. The respondent's counsel, while not opposing the adjournment, submitted that the matter should be adjourned for a shorter date. The order was signed by both members of the bench.
Topics: Corporate Insolvency, Legal Proceedings, Company Winding-Up