Authority: National Company Law Tribunal Allahabad Bench Prayagraj, Division Bench comprising Shri Praveen Gupta (Hon'ble Member - Judicial) and Shri Ashish Verma (Hon'ble Member - Technical)
Order Date: 9th June, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard CP (IB) No.39/ALD/2021, which is an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The case involves Dhanashree Electronics Ltd as the corporate debtor and Dakshinachal Vidyut Vitran Nigam Ltd as the financial creditor. During the hearing on 9th June, 2026, no representatives or counsel appeared for either party.
Final Outcome
The NCLT bench adjourned the matter to 28th July, 2026 "in the interest of justice" due to the non-appearance of any parties. The order was signed by both members of the bench - Shri Ashish Verma (Member - Technical) and Shri Praveen Gupta (Member - Judicial). The case remains pending and will be heard on the next scheduled date.
Topics: Insolvency Proceedings, Power Sector Dispute, NCLT Adjournment