Case Details
Case Name: BizLoan Private Limited V/S GMDM Global Energy Private Limited
Court/Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Case Number: CP (IB) No.40/ALD/2026
Date of Order: 20th May, 2026
Under Section: 7 IBC (Insolvency and Bankruptcy Code)
Parties Involved
Petitioner/Financial Creditor: BizLoan Private Limited
Respondent/Corporate Debtor: GMDM Global Energy Private Limited
Tribunal Members:
- Shri Praveen Gupta, Hon'ble Member (Judicial)
- Shri Ashish Verma, Hon'ble Member (Technical)
Legal Counsel:
- Sh. Gitesh Chopra, Advocate for the Financial Creditor
- Sh. Tarun Jha, Advocate for the Corporate Debtor (appeared through Virtual Hearing)
Issues / Allegations / Violations
This is an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The specific allegations or financial details of the default are not detailed in this procedural order.
Findings & Observations
No substantive findings or observations were made in this order as it is purely procedural regarding adjournment.
Penalties / Settlements / Directions
No penalties or settlements were addressed in this order. The only direction given was for the Corporate Debtor to file their reply/rejoinder within two weeks with an advance copy to be supplied to the Financial Creditor.
Corrective Actions & Future Obligations
The Corporate Debtor was granted two weeks to file their reply/rejoinder to the insolvency petition. Both parties are required to appear for the next hearing on 22nd July, 2026.
Final Ruling & Enforcement
The matter was adjourned for further hearing on 22nd July, 2026. No final ruling was made in this order as it addresses only procedural matters related to the scheduling of the case.