Authority: National Company Law Tribunal Allahabad Bench Prayagraj (Special Bench)
Order Date: 10th July, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard two connected insolvency petitions filed under Section 9 of the Insolvency and Bankruptcy Code (IBC).
- CP (IB) No.05/ALD/2026: M/S Mahalaxmi Infradeveloper Private Limited (Operational Creditor) vs. Taran Quality Concrete Private Limited (Corporate Debtor)
- CP (IB) No.06/ALD/2026: Concrete Construction Development Private Limited (Operational Creditor) vs. G.C. And Industries (Corporate Debtor)
Counsel Sh. Utkarsh Shukla appeared for the Operational Creditors, while Sh. Nikhil Gupta appeared for the Corporate Debtors. The Corporate Debtor's counsel stated that he had recently been engaged in the matter and sought additional time to file a reply. The Operational Creditor's counsel noted that time had been sought on previous occasions through other counsels, but no reply had been filed thus far.
Final Outcome
The Tribunal, citing the interest of natural justice, granted the Corporate Debtor one week to file their reply, with an advance copy to be supplied to the Operational Creditor's counsel. Both matters were adjourned for hearing on 21st July, 2026 before the Regular Bench. The order was directed to be placed on record in both connected matters.
Topics: Insolvency Proceedings, NCLT Adjournment, Corporate Debtor