Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 13th July, 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard two interlocutory applications (IAs) in the ongoing corporate insolvency resolution process (CIRP) case CP (IB No.120/ALD/2017) between M/S Ranasaria Poly Pack Pvt Ltd (Applicant) and M/S Uniworld Sugars Pvt Ltd (Respondent). The proceedings are under Section 9 of the Insolvency and Bankruptcy Code (IBC).
Final Outcome
The bench adjourned both applications to future dates:
- For IA No.488/2025 (filed by the SRA - presumably the Successful Resolution Applicant): The matter was adjourned to 11th August, 2026. The respondent had no representation during this hearing despite having filed a reply. The tribunal granted this as the "last opportunity" for the respondent to appear, warning that an ex-parte order would be passed based on available records if they fail to appear. The interim order was directed to continue until then.
- For IA No.459/2024: With pleadings complete, this application was adjourned for hearing on 18th August, 2026.
The bench comprised Hon'ble Member (Judicial) Sh. Praveen Gupta and Hon'ble Member (Technical) Sh. Ashish Verma.
Topics: NCLT Proceedings, Corporate Insolvency