Authority: National Company Law Tribunal Allahabad Bench Prayagraj, Division Bench
Order Date: 11th June, 2026
Case Overview
This hearing concerns IA No.388/2026 in CP (IB) No.289/ALD/2018, an insolvency application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC) by Mind Makers Communications Pvt. Ltd. (Applicant) against Octagon Builders & Promoters Pvt. Ltd. (Respondent). The matter is currently in the Corporate Insolvency Resolution Process (CIRP) stage. Counsel Sh. Satyawan Attri appeared for the applicant in the interlocutory application.
Final Outcome
The bench, comprising Hon'ble Member (Judicial) Sh. Praveen Gupta and Hon'ble Member (Technical) Sh. Ashish Verma, issued notice to the non-applicant/respondent (Octagon Builders & Promoters Pvt. Ltd.). The respondent was directed to file a reply within two weeks, with an advance copy to be supplied to the applicant side. The matter was adjourned for further hearing on 22nd July, 2026.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Dispute