Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 30th June, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench, comprising Hon'ble Member (Judicial) Sh. Praveen Gupta and Hon'ble Member (Technical) Sh. Ashish Verma, heard multiple interlocutory applications (IAs) in the matter of CP (IB) No.451/ALD/2019 between Khard Enterprises and Ramnath Developers Pvt Ltd. The case involves corporate insolvency resolution process under Section 9 of the Insolvency and Bankruptcy Code (IBC).
Multiple counsel appeared representing various parties: Sh. Brijesh Kumar Shukla (Sr. Adv.) for the applicant in IA No.334/2020; Sh. Astik Agarwal for the applicant in IA No.169/2020 and respondent in IA No.262/2020; Sh. Harikesh Anirudhan for financial creditor HUDCO; and Sh. Gaurav Joshi for the Resolution Professional.
The tribunal addressed procedural matters for 29 different IAs and applications, primarily focusing on scheduling future hearings and ensuring proper exchange of documents between parties. Several applications required directions for filing responses and replies.
Final Outcome
The NCLT adjourned all pending applications to 10th August, 2026 for further hearing. Specific directions were issued for certain applications:
- IA No.29/2026: Respondent/HUDCO to file response within 10 days, rejoinder within subsequent 10 days
- IA No.367/2026: Respondent/RP to file response within 10 days, rejoinder within subsequent 10 days
- IA No.262/2020: Respondent to ensure reply comes on record within one week
- MA No.6/2022: RP to file response within two weeks
All other applications were simply adjourned to the next hearing date without specific directions.
Topics: NCLT Proceedings, Insolvency Case, Hearing Adjournment