Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 12th June, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard matters related to the corporate insolvency resolution process of Insilco Limited. The hearing concerned Interlocutory Applications IA No.700/2025 and IA No.82/2026 filed in the main petition CP (IB) No.87/ALD/2025. The proceedings were conducted under Section 59(7) of the Insolvency and Bankruptcy Code, 2016 (IBC). Kapila Gupta served as the Liquidator of Insilco Limited. Representation included Ms. Gunjan Jadwani, Advocate for the Petitioner, and Sh. Krishna Dev Vyas, Advocate for the Registrar of Companies (ROC). The Income Tax Department did not have representation present at the hearing.
Final Outcome
The NCLT Bench, comprising Member (Judicial) Sh. Praveen Gupta and Member (Technical) Sh. Ashish Verma, adjourned the hearing. The matter was rescheduled to be heard on July 2, 2026, coinciding with another related hearing date for the petitioner. No substantive orders or rulings on the merits of the applications were issued in this session.
Topics: Corporate Insolvency, NCLT Proceedings, Hearing Adjournment