Case Details
Case Name: Bank of Baroda v/s Bharat Raj Punj (Personal Guarantor of M/S Leel Electricals Ltd.)
Court/Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj
Case Number: CP (IB) No.9/ALD/2022
Interlocutory Applications: IA No.62/2026, IA No.149/2026, IA No.242/2026, IA No.335/2026
Date of Order: 25th May, 2026
Governing Law: Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC)
Status: Corporate Insolvency Resolution Process (CIRP) is in progress.
Parties Involved
Financial Creditor: Bank of Baroda
Respondent: Bharat Raj Punj (in his capacity as Personal Guarantor for M/S Leel Electricals Ltd.)
Corporate Debtor: Leel Electricals Ltd.
Representation: Sh. Adhish Srivastava, Advocate appeared for the Resolution Professional. Sh. Jayant Prakash was present in person.
Order
The Special Bench, comprising Ms. Reeta Kohli (Member - Judicial) and Shri Ashish Verma (Member - Technical), heard the matter. The bench noted that since this was a Special Bench hearing, the matter required adjournment for further hearing before the Regular Bench. The next hearing date was scheduled for 22nd July, 2026.
This is a procedural order for adjournment and transfer of the hearing. The substantive issues, allegations, findings, penalties, or corrective actions related to the insolvency process are not detailed in this specific order.