Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 10th 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) numbered 448/2025, 609/2025, 668/2025, 897/2025, 33/2026, 95/2026, 131/2026, 132/2026, 155/2026, 180/2026, 260/2026, 302/2026, 303/2026, 307/2026, and 304/2026. These applications were filed in connection with the main company petition CP (IB) No.03/ALD/2025, which involves an insolvency proceeding under Section 7 of the Insolvency and Bankruptcy Code (IBC). The case is between M/s Micro Units Development & Refinance Agency Ltd. (the financial creditor) and M/s Margdarshak Financial Services Ltd. (the corporate debtor). The matter is currently in the Corporate Insolvency Resolution Process (CIRP) stage.
Final Outcome
During the hearing on 10th June 2026, no counsel appeared for any of the parties involved. The bench, in the interest of justice, adjourned the matter and rescheduled the hearing for 17th July 2026. The order was signed by both members and recorded by stenographer Bipul Kumar Tiwari.
Topics: NCLT Proceedings, Insolvency Case, Hearing Adjournment