Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 10th June, 2026
Case Overview
The matter involves an insolvency petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Financial Creditor Omkara Assets Reconstruction Private Limited against Corporate Debtor Madhusudan Motors Private Limited. The hearing was conducted before a Division Bench consisting of Hon'ble Member (Judicial) Sh. Praveen Gupta and Hon'ble Member (Technical) Sh. Ashish Verma. During the hearing, the counsel for the Financial Creditor, Sh. Namit Suri assisted by Sh. Ravi, informed the Tribunal that they had received the reply/objections from the respondents (Madhusudan Motors Private Limited) and therefore sought a short accommodation for filing a rejoinder to the same.
Final Outcome
The NCLT Bench granted the request for adjournment and rescheduled the matter for hearing on 30th July, 2026. The order was signed by both members of the Bench.
Topics: Insolvency Proceeding, Hearing Adjournment, NCLT