Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 9th 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, was hearing CP (IB) No.47/ALD/2023. The petition was filed by Kotak Mahindra Bank Ltd. against Ambuj A. Kasliwal in his capacity as the personal guarantor for M/s Hindon River Mills Ltd. The proceedings were initiated under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC), relating to the corporate insolvency resolution process (CIRP) of Hindon River Mills Ltd. The hearing scheduled for 9th June 2026 could not be taken up by the bench due to paucity of time.
Final Outcome
The matter was adjourned to 12th August 2026 for further hearing. No substantive arguments were heard, and no decisions were made on the merits of the case. The order is purely procedural, recording the adjournment.
Topics: Insolvency Proceedings, Banking Litigation, NCLT Adjournment