Authority: National Company Law Tribunal Allahabad Bench Prayagraj
Order Date: 6th July 2026
Case Overview
The National Company Law Tribunal (NCLT) Allahabad Bench heard matter CP (IB) No.30/ALD/2026, which is an insolvency petition filed by Samunnati Finance Private Limited against Paawan Energy India Private Limited. The proceeding is initiated under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, which allows financial creditors to initiate corporate insolvency resolution processes against corporate debtors. The hearing was conducted on 6th July 2026 before the Division Bench.
Final Outcome
The NCLT adjourned the matter and re-notified the case for the next hearing on 29th July 2026. The order contains no substantive findings, rulings on admission or rejection of the petition, or details about the financial claim amount. The document serves purely as a procedural update regarding the scheduling of the next hearing date.
Topics: Insolvency Proceedings, NCLT Hearing, Corporate Debt