Case Details
Case Name: L&T Finance Limited vs Brownish Realty Pvt Ltd
Court/Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj
Case Number: IA No.338/2026 IN CP (IB) No.13/ALD/2022
Date of Order: 25th May, 2026
Under Section: 7 of the Insolvency and Bankruptcy Code (IBC)
Status: Corporate Insolvency Resolution Process (CIRP)
Parties Involved
Petitioner/Applicant: Resolution Professional (RP)
Respondent: Brownish Realty Pvt Ltd
Financial Creditor: L&T Finance Limited
Counsel Appeared: Sh. Divij Kumar with Sh. Dhananjai Rai & Sh. Yogesh Khanduja, Advocates (for Applicant/RP)
Order Details
The National Company Law Tribunal Allahabad Bench, comprising Hon'ble Member (Judicial) Ms. Reeta Kohli and Hon'ble Member (Technical) Shri Ashish Verma, heard the matter through physical/virtual hearing.
At the request made by the Learned Counsel representing the Applicant/Resolution Professional, the matter was adjourned for hearing before the Regular Bench on 3rd June 2026. The case is to be taken up higher on the Board along with other matters of this case fixed on the same date.
The order was signed by both members: Ashish Verma (Member Technical) and Reeta Kohli (Member Judicial). The stenographer for the proceeding was Avaneesh Kumar Singh.
This order represents a procedural adjournment in an ongoing insolvency proceeding under Section 7 of the IBC, with no substantive rulings or findings issued in this particular hearing.