Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj
Order Date: 10th June 2026
Case Overview
This is an order from a hearing in an ongoing insolvency proceeding. The case, registered as CP (IB) No.143/ALD/2024, is an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by the financial creditor, Bakliwal Vyapaar Private Limited, against the corporate debtor, M/S Sibri Traders Private Limited. The case docket indicates that a resolution plan has already been approved in this matter. The specific Interlocutory Applications being heard were IA No.553/2025 and IA No.71/2026.
Final Outcome
The Division Bench, comprising Hon'ble Member (Judicial) Sh. Praveen Gupta and Hon'ble Member (Technical) Sh. Ashish Verma, did not hear the matter on its scheduled date. The order states that due to a "paucity of time," the hearing could not be taken up. Consequently, the matter has been adjourned and is now listed for the next hearing on 5th August 2026.
Topics: Insolvency Proceeding, NCLT Hearing, Adjournment