Authority: National Company Law Tribunal, Allahabad Bench
Order Date: 29th June, 2026
Case Overview
The National Company Law Tribunal (NCLT), Allahabad Bench, comprising Hon'ble Member (Judicial) Sh. Praveen Gupta and Hon'ble Member (Technical) Sh. Ashish Verma, heard multiple interconnected Interlocutory Applications (IAs) related to the main corporate insolvency proceeding CP (IB) No.75/ALD/2019. The proceeding was initiated by State Bank of India against M/S Fedders Electric & Engineering Ltd under Section 7 of the Insolvency and Bankruptcy Code (IBC). A resolution plan for the company has already been approved. The hearing involved eight specific IAs: IA No.338/2020, IA No.339/2020, IA No.278/2020, IA No.232/2025, IA No.455/2024, IA No.166/2024, IA No.321/2025, and IA No.24/2026.
Multiple legal counsels appeared for the various parties involved. Sh. Abhishek Devgan, Adv. appeared for the applicant in IA No.24/2026. Sh. Dhruv Gupta, Adv. appeared for the Respondent No.1 in IA Nos.338 and 339 of 2020. Sh. Ankur Mittal with Sh. Arpit Sharma and Sh. Amit, Advs. appeared for the applicant in IA Nos.338 and 339/2020. Sh. Abhirup Dasgupta with Ms. Gunjan Jadwani and Ms. Vagisha Tiwari, Advs. appeared for the applicant in IA No.278 of 2020. Sh. Alok Kumar Kuchhal, Adv. appeared for Respondent No.6 in IA Nos.338 and 339 of 2020. Sh. Nakul Mohta, Adv. with Sh. Lovkesh Batra, PCS and Ms. Chetna Barreja & Sh. Sajjal Arora, Advs. appeared for the respondent in IA No.278/2020 and the applicant in IA No.232/2025. Ms. Suruchi Mittal, Adv. appeared for respondent numbers 19, 21, 23, and 26 in IA No.338/2020.
Final Outcome
The tribunal, at the request of the learned counsels, adjourned the matter. All applications are scheduled to be heard next on 4th August, 2026. The order was signed by both members, Ashish Verma (Member - Technical) and Praveen Gupta (Member - Judicial), and recorded by stenographer Kavya Prakash Srivastava.
Topics: Corporate Insolvency, NCLT Proceeding, Hearing Adjournment