Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 29th June, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard multiple interconnected applications and petitions related to the corporate insolvency resolution process of MKM Technologies Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code (IBC), which has now progressed to the liquidation stage. The matter involves MKM Technologies Pvt Ltd versus Leel Electricals Ltd. Various counsels appeared representing different parties including the applicant, interveners, and respondents across the multiple applications.
Key Procedural Updates
In IA No.432/2024, the applicant's counsel Ms. Babita Jain was unavailable due to medical emergency and hospitalization, requiring an adjournment. The newly appointed counsel for the Liquidator, Sh. Niraj Chamyal, informed the bench that he has replaced erstwhile counsel Sh. Amar Vivek, though the vakalatnama had not been filed due to technical glitches.
In IA No.193/2024, filed by State Bank of India, the service to respondent no.2 (State Vat Officer, Andhra Pradesh) could not be effected, requiring fresh notice to be issued through all modes including registered/speed post and email.
Final Outcome
All applications and petitions including MA No.10/2022, IA No.160/2022, IA No.482/2023, IA No.631/2024, IA No.392/2025, IA No.393/2025, IA No.418/2025, Cont. Pet. No.04/ALD/2026, Cont. Pet. No.05/ALD/2026, Cont. Pet. No.06/ALD/2026, IA No.669/2025 & IA (Liq. PR) No.33/2026 have been adjourned to 4th August, 2026, to be taken up higher on Board. The matter remains pending with no substantive decisions made on the merits of any application.
Topics: Insolvency Proceedings, Court Adjournment, Legal Representation