Authority: National Company Law Tribunal Allahabad Bench Prayagraj, Division Bench
Order Date: 29th June, 2026
Case Overview
This hearing pertains to IA No.308/2026 in CP (IB) No.64/ALD/2025, an insolvency petition filed by Jammu & Kashmir Bank under Section 7 of the Insolvency and Bankruptcy Code (IBC) against Perfect Radiators & Oil Coolers Private Limited. The matter is currently in the Corporate Insolvency Resolution Process (CIRP) stage. The specific application being heard was not detailed in this procedural order.
During the hearing, Proxy Counsel Sh. Anmol Wadhwa, representing respondent no.1, informed the tribunal that the learned arguing counsel for the respondent, Ms. Babita Jain, was admitted to the hospital due to a medical urgency and was therefore unavailable for the hearing. The counsel representing the Applicant/Resolution Professional did not oppose the request for adjournment made on these medical grounds.
Final Outcome
The bench comprising Hon'ble Member (Judicial) Sh. Praveen Gupta and Hon'ble Member (Technical) Sh. Ashish Verma adjourned the matter for final hearing to 13th July, 2026. The tribunal directed both parties to complete all pleadings by exchanging them with each other before the next hearing date.
Topics: Insolvency Proceeding, Legal Adjournment, NCLT Hearing