Case Details
Case Name: Punjab National Bank v/s M/s Bhagwati Rice Mill Private Limited
Court/Authority: National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj
Case Number: IA No.98/2026 IN CP (IB) No.24/ALD/2025
Date of Order: 26th May, 2026
Under Section: 7 IBC (Initiation of Corporate Insolvency Resolution Process)
Parties Involved
Petitioner/Financial Creditor: Punjab National Bank
Corporate Debtor: M/s Bhagwati Rice Mill Private Limited
Applicant/Resolution Professional: Represented by Sh. Srijan Mehrotra, Advocate
Presiding Members: Ms. Reeta Kohli (Hon'ble Member - Judicial) and Shri Ashish Verma (Hon'ble Member - Technical)
Order Proceedings
Interim Application (IA No.98/2026): The counsel representing the Applicant/Resolution Professional sought time to place on record the affidavit of service.
Final Ruling & Enforcement
Adjournment Granted: The bench allowed the request for additional time. The matter has been posted for next hearing on 10th July, 2026 before the Regular Bench.
Documentation Required: The Resolution Professional is required to file an affidavit of service before the next hearing date.