Case Details
Case Name: IA No.50/2026 IN CP (IB) No.115/ALD/2025
Parties: Financial Creditor vs. Mr. Rakesh Kumar Goel (Personal Guarantor of H.Q. Lamps Manufacturing Co. Pvt. Ltd.)
Court/Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Bench Composition: Sh. Praveen Gupta (Hon'ble Member - Judicial) and Sh. Ashish Verma (Hon'ble Member - Technical)
Date of Order: 20th May, 2026
Governing Law: Section 95 of the Insolvency and Bankruptcy Code (IBC)
Parties Involved
Financial Creditor: Not specifically named in the order text
Corporate Debtor: H.Q. Lamps Manufacturing Co. Pvt. Ltd.
Personal Guarantor: Mr. Rakesh Kumar Goel
Resolution Professional: Mr. Satyendra Sharma (present in person)
Legal Counsel:
- For Financial Creditor: Sh. Ritik Jain, Adv.
- For Resolution Professional: Sh. Adarsh Rai, Adv.
- For Personal Guarantor: Sh. Karan Gandhi with Sh. Sikhar Tiwari, Advs.
Current Proceedings
The hearing was held on 20th May, 2026. Counsel representing the Financial Creditor sought a short accommodation in the matter to address arguments. No specific allegations, violations, or findings were discussed in this particular order.
Final Ruling & Enforcement
The NCLT Bench granted the request for accommodation and adjourned the matter. The next hearing is scheduled for 8th July, 2026. The order was signed by both members of the bench: Ashish Verma (Member - Technical) and Praveen Gupta (Member - Judicial).
The case remains pending with no determinations made on liability, penalties, or corrective actions at this stage.