Authority: National Company Law Tribunal Allahabad Bench, Prayagraj
Order Date: 8th June, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard two interlocutory applications (IA No.371/2026 and IA No.377/2026) within the main insolvency petition CP (IB) No.64/ALD/2025. The case involves Jammu & Kashmir Bank as the financial creditor initiating corporate insolvency resolution process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016 against the corporate debtor, Perfect Radiators & Oil Coolers Private Limited. The bench comprised Hon'ble Member (Judicial) Sh. Praveen Gupta and Hon'ble Member (Technical) Sh. Ashish Verma.
Final Outcome
The Tribunal noted that no counsel appeared for the Applicant/Resolution Professional during the hearing. In the interest of justice, the matter was adjourned and is now listed for the next hearing on 21st July, 2026, to be shown in the supplementary list.
Topics: Insolvency Proceeding, Banking Sector, NCLT Hearing