Case Details

Case Name: Devi Prasad v/s M/s Juggilal Kamlapat Jute Mills Company Ltd.

Court/Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj

Case Number: CP (IB) No.280/ALD/2018

Hearing Date: 20th May, 2026

Matter Under: Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) - Initiation of Corporate Insolvency Resolution Process (CIRP)

Parties Involved

Presiding Members:

  • Shri Praveen Gupta, Hon'ble Member (Judicial)
  • Shri Ashish Verma, Hon'ble Member (Technical)

Legal Counsel Appearing:

  • Ms. Anjali Jain with Ms. Payal Golimar, Advocates: For the respondent in IA No.388/2025
  • Sh. Manish Paliwal & Ms. Megha Yadav, Advocates: For the Applicant in I.A. No. 172/2026
  • Sh. Anurag Khanna, Sr. Adv. (assisted by Sh. Siddhant Kant, Ms. Moulshree Shukla, Ms. Kirti Gupta, Ms. Shailee Basu, Ms. Gunjan Jadwani, Ms. Gujan Jadwani, Advocates): For the Applicant in IA no.298/2026
  • Ms. Namrrataa Basu, Adv.: For Respondent No 3 & 4 in IA No.769/2025

Proceedings & Directions

Interlocutory Applications Heard: IVN.P No.11/2025, IA No.806/2025, IA No.388/2025, IA No.435/2025, IA No.576/2025, IA No.644/2025, IVN. P. No.03/ALD/2025, IA No.681/2025, IA No.750/2025, IA No.769/2025, IA No.120/2026, IA No.895/2025, IA No.172/2026 & IA No.298/2026

Specific Proceedings for IA No.298/2026:

  • Senior Advocate Anurag Khanna appeared and made submissions for the applicant.
  • The Tribunal directed that notices be issued to the non-applicant respondent/Resolution Professional (RP).

General Directions for All Applications:

  • Replies to be filed within two weeks, with an advance copy supplied to the opposite side.
  • Rejoinders, if any, to be filed within 10 days, with an advance copy supplied to the opposite side.
  • All matters adjourned for further hearing on 7th July, 2026.
  • All parties directed to complete pleadings by exchanging them with each other in all applications before the next hearing.

Final Ruling & Enforcement

The hearing was adjourned with procedural directions. No substantive order on the merits of the insolvency petition or the interlocutory applications was passed. The matter is scheduled for the next hearing on 7th July, 2026.