Authority: National Company Law Tribunal Allahabad Bench Prayagraj (Division Bench)
Order Date: 8th June, 2026
Case Overview
This order pertains to CP (IB) No.94/ALD/2022, a petition filed under Section 7 of the Insolvency and Bankruptcy Code (IBC) by financial creditor Investorden Pvt. Ltd. against corporate debtor Pigeon Buildhome Pvt. Ltd. The hearing was presided over by a bench consisting of Hon'ble Member (Judicial) Sh. Praveen Gupta and Hon'ble Member (Technical) Sh. Ashish Verma. Representation included Sh. Krishna Dev Vyas, Advocate for the Financial Creditor, and Ms. Chitra Chanda (proxy for Sh. M.P. Sahay & Sh. Sallauddin Khan, Advocates) for the Corporate Debtor.
Final Outcome
The matter was adjourned to 20th July, 2026 for final hearing, based on a joint request from counsel representing both sides. The bench explicitly stated that no further adjournment would be granted to either party on the next date of hearing.
Topics: Insolvency, Legal Proceedings