NCLT Allahabad Bench adjourns two insolvency proceedings against personal guarantors of Ramnath Developers due to lack of time.
Cases involve Housing and Urban Development Corporation Limited as petitioner under Section 95(1) of IBC.
Hearings for IA Nos. 682, 738, 794, 795/2025 and IA Nos. 608, 741/2025 with Cont. Appl. No. 07/2025 postponed to June 2, 2026.
Matters relate to personal guarantees provided for corporate debtor Ramnath Developers Private Limited.