Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 30th June, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench, comprising Hon'ble Member (Judicial) Sh. Praveen Gupta and Hon'ble Member (Technical) Sh. Ashish Verma, heard CA No. 111/2019 and IA No. 312/2023 in CP (IB) No. 126/ALD/2018. The matter involves Punjab National Bank as the applicant versus Aman Medical Pvt Ltd as the respondent in corporate insolvency resolution proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC). The company is currently in liquidation status.
During the hearing held on June 30, 2026, counsel for respondents 1 and 2 in CA No. 111/2019, Sh. Rahul Chaudhary, appeared and stated that a reply had been filed. However, there was no representation on behalf of the Liquidator.
Final Outcome
The Bench adjourned the matter for further hearing on August 12, 2026, directing that it be listed along with all other applications. The adjournment was primarily due to the absence of representation from the Liquidator.
Topics: Insolvency Proceedings, Banking Litigation, NCLT Hearing