Authority: National Company Law Tribunal Allahabad Bench, Prayagraj
Order Date: 10th June, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard IA No.122/2026 in CP (IB) No.26/ALD/2025. The matter involves Indrawati Shukla as the corporate debtor and State Bank of India as the financial creditor. The case was filed under Section 94 of the Insolvency and Bankruptcy Code, 2016 (IBC), which pertains to application by creditor for initiation of corporate insolvency resolution process against corporate persons. During the hearing on 10th June 2026, no counsel appeared for either party through physical or virtual hearing.
Final Outcome
The bench comprising Hon'ble Member (Judicial) Sh. Praveen Gupta and Hon'ble Member (Technical) Sh. Ashish Verma adjourned the matter in the interest of justice. The next hearing is scheduled for 3rd August 2026. No substantive proceedings or rulings on the merits of the case occurred during this hearing.
Topics: NCLT Proceedings, Insolvency, Banking